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So much of the official government response has been to support entrenched wealth. Some examples: large stores remained open, while small stores were forced t
by testfoobar 6y ago
So much of the official government response has been to support entrenched wealth. Some examples: large stores remained open, while small stores were forced to close in many regions. Financial support was provided to large businesses via PPP funding that wasn't available to small businesses. Capital subsidies of near 0% loans were extend to the largest companies (e.g. the Fed owns Apple bonds) while smaller businesses were left to die on the vine. Connected industries like airlines continue to receive bailouts.
It is all kind of sad, really.
- jedmeyers 6y ago> So much of the official government response has been to support entrenched wealth. There is a word that describes this kind of merger of corporate and government power, I just don't seem to remember it.
- testfoobar 6y agoHow do you get well meaning folks to see where it is all heading?
- imbnwa 6y agoIf you give people free stuff they'll get lazy, they need to learn to work hard so they can eventually pull the ladder up behind them too