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Deadly Superbugs Could Cost $100 Trillion By 2050

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http://www.bloomberg.com/news/2014-12-11/drug-resistant-superbugs-could-cost-100-trillion-by-2050.html

Drug-resistant superbugs could cost the global economy as much as $100 trillion between now and 2050, a threat that warrants as much attention as climate change, according to a review led by economist Jim O’Neill.

If unchecked, the infections may mean 10 million extra deaths a year, with an impact on global wealth roughly equivalent to losing the U.K.’s economic output every year, O’Neill, a former Goldman Sachs Group Inc. economist, told reporters in London yesterday.

The analysis, commissioned by U.K. Prime Minister David Cameron in July, highlights the growing problem of antibiotic resistance and calls for “coherent international action” on drug regulation and use. A continuing review will explore topics such as how to stimulate the development of antimicrobial medicines and the potential of alternative therapies such as vaccines.

“This is a significant global problem, perhaps on the same dimension as climate change,” O’Neill said. “Trying to solve it is a bit like climate change. The cost of stopping the problem is significantly lower than the cost of not stopping the problem.”

The projection of 10 million deaths a year by 2050 is greater than the current annual death toll from cancer, which is about 8.2 million, according to the report.

Is the death projection a bit of an underestimate, if anti-biotics lose there potency will be heading back towards life expectancy in the middle ages where a cut finger could kill you?

There is also the question that if this does kill people does this reduce the problem of unfunded pension liabilities on the economy?

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For sure advancing medical knowledge is a good thing but doesn't Mr Cameron's latest idea sound as if somehow it'll end up being another PC correctness, social engineering and tax raising scam with hundreds of thousands even millions piggy backing on the gravy train.

A sort of bird flu scare writ ever larger along with all the opportunities to write extra laws and manipulate etc.


If unchecked, the infections may mean 10 million extra deaths a year, with an impact on global wealth roughly equivalent to losing the U.K.’s economic output every year, O’Neill, a former Goldman Sachs Group Inc. economist, told reporters in London yesterday.

Need one say more.

"Losing the UK's economic output every year" doesn't really sound to be that much of a threat (although of course needless to say the deaths would be).

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