We continue our investigations into the effects the current US epidemic is having on the economy and the likely results with a look at the current administration and its handling of events. There will be a ‘new normal’ after the pandemic has passed, with questions and much-needed discussions all around. The first primary impact is being felt hard in the strain the US epidemic is putting on its health services, and then in the social distancing and shutdown of businesses the former has mandated. One might disagree about the mandate, but the Italian and Spanish experience has shown the need for it. There will be more on that later. Continue reading “The coronavirus heist and the future (Part II)”
America and the great coronavirus heist (Pt I)
This is an article in two parts. The title of this installment outlines something that is happening before our eyes and gives the history of policies that have led to it. The second part will deal with the fallout from it, but also gives a brighter outlook for the future, which will come in a few years in all likelihood. Nations and their people – all of us – will recover over time once this has passed. But in the US and to a lesser extent in Europe, this virus is showing up something else, which is the theft of obscene amounts of money from the American taxpayers, in what amounts to socialism for corporations and the wealthiest families. That theft is what is otherwise known as bailouts. It is also to be the catalyst for coming changes in America. Continue reading “America and the great coronavirus heist (Pt I)”