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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 unaccou
by 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.