The coronavirus, the political risk event of our generation, will change many things. Not least of these is the sufferance of illogical, highly detrimental economic philosophies of the world, ideologies that—given that we are at present desperately trying to stave off global depression—Australians can no longer afford to tolerate.  

First and foremost amongst these is the European Union’s championing of the precautionary principle, which they make no bones about exporting to the rest of the world.