An economic pandemic is spreading that will kill the livelihoods of millions of Americans – who will soon be unemployed, their businesses bankrupt, their savings consumed.
The American way of life itself is in the balance – not just for a few days or weeks or months, but quite possibly forever.
And quite possibly, on purpose.
The end of free travel. The end of free association. No more gathering in groups – which would include political gatherings. A national “lockdown.” The strong possibility of forced “testing” and forced vaccination – with who knows what’s in those needles. Soviet-style food queues. A Soviet-style police state – to deal with “unrest.” For our saaaaaaaaaaaaaafety!
Cui bono?
It is all congealing – faster than we’ve had time to think it through. It had better be worth it. It had better be necessary.
It had better not be deliberate.
It may already be too late.
This virus – the fear about this virus – has done what pile-driving jets into tall buildings didn’t come close to doing. Except for the airplanes not flying for a couple of days and the stock market closing for a few days longer, economic life didn’t stop after the “enemies of freedom” struck almost 20 years ago.
A few thousand people sick – almost all of them not dying – has practically shut down the entire country, with the government intimating it will not re-open for months. Do people understand what this means? What the result of this will be?
Here’s one snapshot:
If people stop buying new cars for one week because dealers are forced to close shop – which has already happened in at least one state – or because instantly unemployed people are no longer shopping for new cars – it will cost the car industry $7.3 billion in earnings – and cost 94,400 Americans their jobs. It would also cost the government some $2 billion in taxes.
That’s one week. How about three months?
Ford was already in precarious financial condition before Corona Fever struck. A couple of months of people not buying Fords could mean no more Ford. And no more GM and the rest of the industry, too. Including Tesla, Rivian and the rest of the artificially induced electric car industry, which was even more precariously perched – utterly dependent on subsidies to “sell” EVs to people who otherwise would never have bought them because most of them could not afford one absent the $7,500 per car carrot dangled in front of them.
How will they afford any new car when they’re no longer working? A set of tires becomes an insurmountable expense when you are sweating how to pay for your next meal.
Will Uncle bailout the industry – again? The whole country?
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The daily news and opinion site LewRockwell.com was founded in 1999 by anarcho-capitalists Lew Rockwell and Burt Blumert to help carry on the anti-war, anti-state, pro-market work of Murray N. Rothbard. Visit https://www.lewrockwell.com