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Governmental response to corona virus made me really depressed. If we look at current response of the various governments, it looks like they effectively decid

Governmental response to corona virus made me really depressed. If we look at current response of the various governments, it looks like they effectively decided to increase the already high level of income inequality even further. It seems system is unwilling to revise itself at all, which will keep making various socioeconomic issues worse in the long run. I guess one good thing is that current system keeps getting less and less stable with each crisis, so sooner or later it will collapse for real, once that happens I hope humans will be able to come together and build something better.

erentz 7y ago
Yes. The $425b that will be leveraged into $4 trillion of basically free loans to large corporations is going to make things considerably worse for every ordinary American. Increase massively the consolidation of the economy and reduce competition. It’ll be used by the large corporations that can access it to buy up competitors. Here is just one topical example of how this kind of consolidation over the past decade has hurt us. And this program is more than five times the size of the 2008 program: Ventilator company Covidien acquired Newport to prevent it from building a cheaper product that would undermine Covidien’s profits from its existing ventilator business. [1] [1] https://www.nytimes.com/2020/03/29/business/coronavirus-us-ventilator-shortage.html https://www.nytimes.com/2020/03/29/business/coronavirus-us-v... This is very bad for America and - (I know politics is frowned on hut this is the real world and this is a political problem we are discussing) - and if anyone thinks the Democrats are not equally to blame you need to look again, they could have stripped this program from the House bill and passed it without and forced the Republicans in the Senate to either show their hand that they’re holding Americans hostage for this or force them to blink first. But they refused to do that, IMO because they're clearly aligned on giving $4T to large business. If you disagree with that please explain what prevented them doing that. I would like to know.

erentz 7y ago

Yes. The $425b that will be leveraged into $4 trillion of basically free loans to large corporations is going to make things considerably worse for every ordinary American. Increase massively the consolidation of the economy and reduce competition. It’ll be used by the large corporations that can access it to buy up competitors. Here is just one topical example of how this kind of consolidation over the past decade has hurt us. And this program is more than five times the size of the 2008 program: Ventilator company Covidien acquired Newport to prevent it from building a cheaper product that would undermine Covidien’s profits from its existing ventilator business. [1] [1] https://www.nytimes.com/2020/03/29/business/coronavirus-us-ventilator-shortage.html https://www.nytimes.com/2020/03/29/business/coronavirus-us-v... This is very bad for America and - (I know politics is frowned on hut this is the real world and this is a political problem we are discussing) - and if anyone thinks the Democrats are not equally to blame you need to look again, they could have stripped this program from the House bill and passed it without and forced the Republicans in the Senate to either show their hand that they’re holding Americans hostage for this or force them to blink first. But they refused to do that, IMO because they're clearly aligned on giving $4T to large business. If you disagree with that please explain what prevented them doing that. I would like to know.