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Fri Apr 3, 2020, 02:22 PM

Richard D. Wolff

This must be why the Nordic "socialist countries" always rank in the top of the Most Happiest places, eh ?

My friend whom sent me this piece, observed:

I truly don't get people's resistance to being happy. I literally got into a debate with someone the other day where they were like. "It doesn't matter if they have better results. This is America and we're not giving up our way of life" I was like WTF!

The desperate policies of panic-driven governments involve throwing huge amounts of money at the economies collapsed in response to the coronavirus threat. Monetary authorities create money and lend it at extremely low interest rates to the major corporations and especially big banks “to get them through the crisis.” Government treasuries borrow vast sums to get the collapsed economy back into what they imagine is “the normal, pre-virus economy.” Capitalism’s leaders are rushing into policy failures because of their ideological blinders.


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