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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by DailyMail:

Former Secretary of State Henry Kissinger has warned coronavirus could cause global economic doom that could last for generations if appropriate measures aren’t taken.

Kissinger, who served under President Nixon and President Ford, wrote an opinion piece for the Wall Street Journal on Friday, issuing a dire proclamation that ‘failure could set the world on fire’.

The article goes on to state the following:

The 96-year-old believes the White House has done ‘a solid job in avoiding immediate catastrophe,’ but adds the government needs to work efficiently and in a farsighted manner to beat the disease, not only to regain Americans’ trust but the world’s trust.

In the op-ed, Kissinger writes:

Nations cohere and flourish on the belief that their institutions can foresee calamity, arrest its impact and restore stability. When the Covid-19 pandemic is over, many countries’ institutions will be perceived as having failed. Whether this judgment is objectively fair is irrelevant. The reality is the world will never be the same after the coronavirus. To argue now about the past only makes it harder to do what has to be done.

Kissinger praised the Trump administration’s handling of the situation. He wrote:

The U.S. administration has done a solid job in avoiding immediate catastrophe. The ultimate test will be whether the virus’s spread can be arrested and then reversed in a manner and at a scale that maintains public confidence in Americans’ ability to govern themselves. The crisis effort, however vast and necessary, must not crowd out the urgent task of launching a parallel enterprise for the transition to the post-coronavirus order.

He wrote that hopefully the human toll will only be temporary, but warned the “political and economic upheaval it has unleashed could last for generations.”

Kissinger said the U.S. is obliged to undertake a major effort in three domains:

  • First, shore up global resilience to infectious disease.
  • Second, strive to heal the wounds to the world economy.
  • Third, safeguard the principles of the liberal world order.

“The historic challenge for leaders is to manage the crisis while building the future. Failure could set the world on fire,” Kissinger concluded.

To get more information about this article, please visit DailyMail.

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