Why do we periodically drift into perfect storms

While there is never a good time for a pandemic, the COVID-19 crisis has arrived at a particularly bad moment for the global economy. The world has long been drifting into a perfect storm of financial, political, socioeconomic, and environmental risks, all of which are now growing even more acute.

Noriel Roubine might have the answer, let us read.

NEW YORK – After the 2007-09 financial crisis, the imbalances and risks pervading the global economy were exacerbated by policy mistakes. So, rather than address the structural problems that the financial collapse and ensuing recession revealed, governments mostly kicked the can down the road, creating major downside risks that made another crisis inevitable.

We flat earthed it, that is kicking the can down the road.  Flat earthing needs an increasing N, we do not have that.

The road is not flat, it has curvature because we bring our problems from last time to this time and the flat surface curves, just like if you tried to three color a flat surface instead of a beach ball.

This is mostly a result of Keynes being a dunce in agglomeration theory. He should have read Markov.