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Welcome to American Capitalism

posted by Jason Kottke   May 28, 2020

From an April 17th Facebook post by Paul Field, a succinct summary of how the pandemic exposes American deficiencies. It’s tough to not just quote the whole thing, so here’s the beginning:

Everyone is entitled to their own opinion, but you need to know how silly you look if you post some variation of, “Welcome to Socialism…”

You are not seeing Socialism. What you are seeing is one of the wealthiest, geographically advantaged, productive capitalist societies in the world flounder and fail at its most basic test. Taking care of its people.

This crisis is not about the virus.

This crisis is about the massive failure of our, “Booming economy,” to survive even modest challenges. It is about the market dissonance of shortages in stores, even as farmers/producers destroy unused crops and products. This crisis is about huge corporations needing an emergency bailout within days of the longest Bull Market in our history ending and despite the ability to borrow with zero percent interest rates.

The pandemic has revealed that American democracy and our economic system is extremely fragile. Ok, unless you’re wealthy, in which case you’re going to be fine, all part of the plan, etc.