Fascinating quote from Keynes in a McK article which sadly descends into a sales pitch for scenario planning (not that I’m against it, just the sales pitch).The inhabitant of London [in August 1914] could order by telephone,sipping his morning tea in bed, the various products of the wholeearth, in such quantity as he might see fit, and reasonably expecttheir early delivery upon his doorstep; he could at the same moment andby the same means adventure his wealth in the natural resources and newenterprises of any quarter of the world, and share, without exertion oreven trouble, in their prospective fruits and advantages; or he coulddecide to couple the security of his fortunes with the good faith ofthe townspeople of any substantial municipality in any continent thatfancy or information might recommend
