Tuesday, December 1, 2020

How Big Government & Their Crony Capitalist Pals Stacked the Deck Against Small Business During The "Pandemic"

Worth considering. Foundation for Economic Education

Most of us wouldn’t list 2020 as our best year. But you know who would? Amazon, Wal-Mart, Google, Apple, and a whole host of other big corporations who’ve seen their sales and stock prices soar amidst the pandemic.

Small businesses have been pummeled by excessive and insane governmental lockdowns of the economy. Experts warn that one third of small businesses could ultimately shut down for good, and hundreds of thousands have already done just that.

Meanwhile, Amazon’s sales increased 40 percent in the second quarter alone, while their stock price increased 97 percent. Apple hit a $2 trillion market cap, the first publicly traded company to do so, and reported nearly $60 billion in revenue. Since the pandemic began, Facebook’s stock rocketed up 85 percent, Google’s by 50 percent, Netflix by 63 percent, and Microsoft by 57 percent. All saw their revenues greatly increase compared to last year’s numbers as well.

contemplating profits with glee

  Bill Gates heavy handed promotion of the "pandemic" has been highly profitable and will continue to be via mass vaccination. We should be seeing that as a conflict of interest instead we get the saviour presentation. Gates has an agenda to profit and that's been glossed over. He has multiple conflicts of interest- They have been glossed over...

"The typical headlines have followed: The Rich Are Getting Richer During the Pandemic, How Billionaires Saw Their Net Worth Increase by Half A Trillion Dollars, and How Rich People Are Getting Richer During the Coronavirus. “Eat the rich,” a rallying cry against perceived inequality, appears all over Twitter, clothing items, and graffitied walls. And for many, the billionaires at the helms of successful corporations provide ready-made villains for society to dump its economic woes, righteous anger, and feelings of powerlessness onto.

To be sure, there is cause for indignation. Small businesses are the lifeblood of America. They comprise the majority of U.S. companies and employ nearly 50 percent of all our citizens. Not only are they an essential part of our economy though, they represent the American Dream – the idea that no matter who you are you can come here, work hard, do the right thing, and build something for yourself and your family.

There is no value more prized than that dream in our society, and small businesses are the tangible iteration of that ideal. To see these businesses and their owners so casually trampled on by our politicians strikes at the very soul of our nation. Millions of Americans are out of work, many others have lost everything they’ve worked to build with little to no recourse. The dream has become a nightmare.

But the fault for this catastrophe does not rest on the corporations, and the anger many feel should be redirected towards the entity actually responsible for this situation: the government.

From the very beginning of the pandemic, government stacked the deck in favor of some companies to the detriment of others. First, they arbitrarily decided which businesses were essential and which could be forced to close. In order to keep people in their homes, which the science shows was never effective at preventing the contagion in the first place, the government had to allow tech businesses to operate at full capacity. Without Netflix, Amazon, and UberEats, few would have agreed to stay in their homes for weeks on end. To a large extent, these big businesses deserve the boom they’ve experienced because they did provide essential needs for people during a crisis. That’s a market response that should be praised.

But, there were many other businesses who could have provided similar services and were not allowed to because the government deemed them non-essential. Part of this is due to the fact the larger companies had the capacity to rev up their delivery abilities, but part of this is because they spend millions of dollars lobbying politicians to ensure they always receive carve outs from the worst government policies.

Not only did government persecute certain businesses to the benefit of others, it also provided incentives, handouts, and other pork in the CARES Act that continued to favor big business. Twenty-five percent of the initial $2 trillion (remember, those are your tax dollars) went to big business, with $58 billion going to the airlines alone and another $17 billion to the military-industrial complex giant, Boeing.

Only $350 billion was earmarked for small businesses, and of that, $243 million “accidentally” went to large companies instead – leading some companies to return the money over the ensuing outrage. All in all, only 5 percent of the first round of PPP loans reached small businesses.

 Final paragraphs

The free market isn’t perfect. Even without government interference in the economy, many businesses would have been hurt by the pandemic as consumers chose to stay home or purchase alternative services. But at least the system would not have been rigged against the little guy. All businesses should have had the chance to innovate, respond to the emergency, and try their best to stay afloat. It should have been up to consumers, not the government, which ones succeeded or failed.

Cronyism isn’t capitalism, it’s a perversion of the free market and only possible at the hands of government. If we want to address inequality and create a fair playing field, we must stand against these types of government handouts the next time temptation strikes."

 Can't help but notice small business is banding together. They better, before they are completely destroyed.

From earlier 

Pashinian Confirms Rejecting Earlier Truce Offer from Azerbaijan- Mediated by Russia

 

5 comments:

  1. You know what, Penny? I've never in my life wished ill on any living soul, but when I see the ages of Soros, Gates, Schwab and that disgusting Prince Philip, and his icky sons, something inside me wishes they'd just die and leave the rest of us alone.

    Or maybe I should wish them well. If they were well, they might not be so insanely power-hungry. Sadly, they've probably raised their kids to take over where they left off. So, I guess it's the rest of us who have to stay above the insanity. Let's hope the majority of people wake up enough to start making a real difference.

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    1. "Let's hope the majority of people wake up enough to start making a real difference."

      I'm hearing a whole lot more grumbling and am talking about the issues when ever I have an ear.
      It's what I do.

      Delete
  2. Some more news how we are being lied to: https://cormandrostenreview.com/report/

    "This paper will show numerous serious flaws in the Corman-Drosten paper, the significance of which has led to worldwide misdiagnosis of infections attributed to SARS-CoV-2 and associated with the disease COVID-19. We are confronted with stringent lockdowns which have destroyed many people’s lives and livelihoods, limited access to education and these imposed restrictions by governments around the world are a direct attack on people’s basic rights and their personal freedoms, resulting in collateral damage for entire economies on a global scale."

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  3. I had to get this off my chest: I've been usubscribing from YouTubers I used to follow, because in the last few months, they've just had to insert annoying coronavirus propaganda into videos that otherwise have nothing to do with it. Excuse me, but if I'm going to see grown men getting paid to pop water balloons in slow motion, for example, I want to be entertained, not preached to over a medical topic they clearly know nothing about (even if we assumed this was a real superpandemic). the worst example yet is from The Proper People: In their most recent episode, they joked about covid19 killing 90 percent of Americans- you could dismiss that as just a dumb joke- but in another one from their current season- the urban explorer duo went on a stupid tangent about it for over a minute, even remarking that they're safer in the dirty, rundown buildings they explore, and most disgustingly of all, they remarked they'd rather touch biohazardous waste than other people, because of their germs. Google is tolerating blatant health misinformation when it suits THEIR interests. No, touching biohazards IS NOT safer than someone else sneezing on you! Especially since these clearly privileged imbeciles who live in a bubble, are YOUNG and HEALTHY. But to be fair, it's not their cushy YouTube job and advertising sponsorship deals which are threatened by these lockdowns, unlike everything from schools to sports to barber shops. These wankers will make bank on their videos without a care in the world, while most of humanity would be plunged into neofeudal slavery, precisely for corporate trusts like Google's, without even the companionship of family or friends. Or witnessing culture and entertainment in person.

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  4. (forgot the last bit) I bet they wouldn't be as enthusiastic about their messaging if Google had mercilessly cut their income streams "because of the pandemic". Or maybe they're too stupid to notice.

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