Wednesday, April 22, 2020

The New Economic Model




                              The New Economic Model

Under Lockdown Socialism:

–you can stay in your residence, but paying rent or paying your mortgage is optional.

–you can obtain groceries and shop online, but having a job is optional.

–other people work at farms, factories, and distribution services to make sure that you have food on the table, but you can sit at home waiting for a vaccine.

–people still work in nursing homes that have lost so many patients that they no longer have enough revenue to make payroll.

–professors and teachers are paid even though schools are shut down.

–police protect your property even though they are at risk for catching the virus and criminals are being set free.

–state and local governments will continue paying employees even though sales tax revenue has collapsed.

–if you own a small business, you don’t need revenue, because the government will keep sending checks.

–if you own shares in an airline, a bank, or other fragile corporations, don’t worry, the Treasury will work something out.

This might not be sustainable. (Kling)


There are limits as to what can be imposed. When a culture is offering vast and diffuse opportunity, those at the top will be hard pressed to solve needs of the large subsets, let alone the small ones. This notion of success by decree does work for aristocracies, though. The essence of these failures is lack of faith. The problem with Capitalism is that it is not a system, it is the result of an attitude of independence and liberty. The impulse to manage it is a manifestation of leadership's disbelief, not in capitalism, but its engine of liberty. 
NPR knows what we need, Bravo knows what we want. And if Bravo is wrong, they will melt away. But NPR will always be there, ignored and immortal, at least until the electricity is turned off.

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