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Sunday, January 24, 2021

End of the American Republican Experiment - part 8

 The Oligarchs used COVID to made the poor poorer and the rich richer.

Having seized powers, the oligarchs used them as weapons to disrupt and disaggregate the parts of American society they could not control.

The economic effects of lockdowns and social distancing caused obvious pain. Tens of millions of small businesses were forced to close or radically to reduce activity. More than 40 million Americans filed claims for unemployment assistance. Uncountable millions of farmers and professionals had their products and activities devalued. Millions of careers, dreams that had been realized by lifetimes of work, were wrecked. Big business and government took over their functions. Within nine months, COVID-19 had produced 28 new billionaires.

Surplus and scarcity of food resulted simultaneously because the lockdowns closed most restaurants and hotels. As demand shifted in ways that made it impossible for distribution networks and processing plants to adjust seamlessly, millions of gallons of milk were poured down drains, millions of chickens, billions of eggs, and tens of thousands of hogs and cattle were destroyed, acres of vegetables and tons of fruit were plowed under. Prices in the markets rose. Persons deprived of work with less money with which to pay higher prices struggled to feed their families. This reduced countless self-supporting citizens to supplicants. By intentionally reducing the supply of food available to the population, the U.S. government joined the rare ranks of such as Stalin’s Soviet Union and Castro’s Cuba.

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