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I think he is spot on. We are drowning in platitudes while people’s lives are being ruined. Entrepreneurs and small business owners are seeing their life’s wor

by JackFr 7y ago

I think he is spot on. We are drowning in platitudes while people’s lives are being ruined. Entrepreneurs and small business owners are seeing their life’s work stripped from them by a policy choice served by ass covering politicians and a class of media elites ever willing to promote the post-modern illusion that death is subject to our whims and not the other way around.

rswail 7y ago
We are drowning in platitudes while people lives are being lost. People are having their lives stripped from them by economic policy choices that value unaccountable wealth accumulation combined with rent-seeking and corruption by a group of economic elites ever willing to promote the post-modern illusion that wealth and societal health is due to "job makers" and not the other way around. If the economy and business cannot survive what is now only 2 months of interruption, then perhaps the economic system needs to be more robust and structurally sound. Deregulation has led to an unaccountable financial "industry" that produces nothing except churn in the name of "liquidity". After the Great Depression, in addition to the economic stimulus in the US of WW2, the market and banking reforms led to a more proper focus on Main St and not Wall St. That focus needs to return.
twhitmore 7y ago
People's lives are worth millions of dollars. Each. Government estimates are around $5 million per life. It's the coronavirus causing economic damage, customers dying or having to stay home to avoid dying is bad for business. I don't know what planet this is not obvious to people on. Fastest way to address this is to quickly contain & suppress the virus -- isolation, testing, tracing, eradication -- after which careful & gradual reopening can occur. Of course this requires a competent government; a functioning health system would help too. So would a government capable of supporting businesses to put employees on paid furlough, pause interest on mortgages & debts, issue stimulus efficiently, etc. Many other countries are able to accomplish much of this -- unfortunately the US is largely not. Substantially due to the extractive capitalist/ monopolist attitudes of greed & "money at any cost" seen right above.

by JackFr 7y ago

rswail 7y ago

We are drowning in platitudes while people lives are being lost. People are having their lives stripped from them by economic policy choices that value unaccountable wealth accumulation combined with rent-seeking and corruption by a group of economic elites ever willing to promote the post-modern illusion that wealth and societal health is due to "job makers" and not the other way around. If the economy and business cannot survive what is now only 2 months of interruption, then perhaps the economic system needs to be more robust and structurally sound. Deregulation has led to an unaccountable financial "industry" that produces nothing except churn in the name of "liquidity". After the Great Depression, in addition to the economic stimulus in the US of WW2, the market and banking reforms led to a more proper focus on Main St and not Wall St. That focus needs to return.

twhitmore 7y ago

People's lives are worth millions of dollars. Each. Government estimates are around $5 million per life. It's the coronavirus causing economic damage, customers dying or having to stay home to avoid dying is bad for business. I don't know what planet this is not obvious to people on. Fastest way to address this is to quickly contain & suppress the virus -- isolation, testing, tracing, eradication -- after which careful & gradual reopening can occur. Of course this requires a competent government; a functioning health system would help too. So would a government capable of supporting businesses to put employees on paid furlough, pause interest on mortgages & debts, issue stimulus efficiently, etc. Many other countries are able to accomplish much of this -- unfortunately the US is largely not. Substantially due to the extractive capitalist/ monopolist attitudes of greed & "money at any cost" seen right above.