Author Topic: Could Covid be Offering a Restart for Democracies?  (Read 650 times)

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Offline Montgomery

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Could Covid be Offering a Restart for Democracies?
« on: November 29, 2020, 01:18:31 pm »
The Theory:
The Dow has reached 30,000 while Covid-19 rages throughout the US.

Food lines in America are said to be the longest in history.

Small businesses are closing their doors at a rate never seen before in the US and some other capitalist countries

More people than ever before are unemployed and depending on unemployment insurance schemes to survive.

And so, some questions to ask on what makes capitalism succeed and flourish? Why is the Stock Market so prosperous in this time of huge unemployment? Why is capitalism so prosperous while small businesses are failing so rapidly and in such large numbers?

Are small businesses essential to a democratic  society?

Does it matter to a democracy if restaurants are closing their doors?
Does it matter to a democracy if furniture stores are going out of business?
Does it matter to a democracy if new or used car sales companies are going out of business?
Does it matter if children's toy stores are going out of business?
Does it matter if jewelry stores are going out of business?
Does it matter if any business that deals in non-essential items goes out of business?

Well, apparently it doesn't matter because the Dow shows the economy to be booming in America.

And so, is Covid-19 going to cause a reset for democracies in that we will survive by demanding that all countries share the wealth?
And is China far ahead of the curve already with their brand of capitalism under a communist regime?

What if we are looking forward to a very hard winter in which the Covid-19 pandemic sickness rate and death rate increases exponentially ahead of any vaccine or other method of controlling it? Food lines could get much longer in not just the US. And what if the Dow continues to grow?

Will that call for a reset of capitalism within Democracies?

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This is meant for everybody to contemplate and comment on if they choose. No spamming will be tolerated on this thread. Fair warning!
« Last Edit: December 18, 2020, 09:37:02 am by JMT »
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

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Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #1 on: November 29, 2020, 03:40:56 pm »
Thank you to the 16 people who have read this thread so far, and also thank you for not replying with unnecessary spamming.

How could anybody question the fact that something is going terribly wrong in America when the Dow hits a record high as food lines hit record lengths?

We're obviously not to the point at which Americans are afraid of the death count yet, but we're probably not far from it.
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

Offline waldo

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #2 on: November 29, 2020, 04:50:17 pm »
Well, apparently it doesn't matter because the Dow shows the economy to be booming in America.

Repeat After Me: The Markets Are Not the Economy

The Stock Market Is Not the Economy


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Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #3 on: November 29, 2020, 06:31:38 pm »
Repeat After Me: The Markets Are Not the Economy

The Stock Market Is Not the Economy

That's your opinion that's expressed because of biased politics waldo. So in truth, they aren't but they are. I'll explain.

America can't be said to not be a very rich country and that's echoed by the state of the stock market. But at the same time the people are doing poorly and that's not an indication of a failing economy. You know that's because of greed in the failed American way. They keep telling the suckers that they can be the president too if they just work harder!

And so America's economy is strong enough at any particular time to support all the people in relative wealth, compared to the rest of the world.

In the people's republic of China, I think you would be closer to being right. What their economy does, so goes the fortunes of the people.

Thank you for your opinion on the topic, even though it skirts the subject somewhat. Much better than the spammers who don't seem to have much of a clue.
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.
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Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #4 on: November 29, 2020, 06:36:54 pm »
kinda fun to tweek away at such a feeble/obvious attempt at arrogance.

Yes wilbur, more or less correct. I want to elevate the level of debate on this board and judging by the traffic on this topic, as well as the visits by others who don't post, it's starting to work.

Would you like to be a part of it or would you choose to just be one of the spammers? Suits me either way wilbur, but I think you have some ability that you've been hiding.
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

Offline Gorgeous Graham

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #5 on: November 29, 2020, 08:58:20 pm »
"The Great Reset" and "build back better" is bullshit created by the World Economic forum by elitist neoliberal politicians and their mega-wealthy paymasters (who meet every year at Davos).  Chrystia Freeland is on the board of trustees LOL.  If there's going to be coordinated international system-wide changes to western economies i'd prefer it come from a ground-up effort than these paid-off neoliberals telling how to live.  I think they're using this crisis as an excuse to implement whatever agenda they have.

Anyways, i feel bad for all struggling small businesses.  I hope the pandemic doesn't concentrate even more business power in the hands of large corporations.  I think large corporations probably have more reserve capital to withstand this pandemic, not to mention investors buying stock in this market and providing more capital for them, which small businesses don't have.

The markets don't perfectly reflect the current state of the economy, people invest with a mind on how they think markets will perform in the future.  Investors see markets coming out of this pandemic in the next year and will likely go on another extended bull run, so investors are betting on that and trying to buy in low before the economy actually starts picking up steam.  I think the markets are overvalued right now based on how the economy is currently doing, it makes no sense that the S&P 500 is hitting all-time highs.
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Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #6 on: November 29, 2020, 09:18:02 pm »
"The Great Reset" and "build back better" is bullshit created by the World Economic forum by elitist neoliberal politicians and their mega-wealthy paymasters (who meet every year at Davos).

Quite true, and it's pretty close to the opposite of what I was talking about in the OP.
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

Offline Gorgeous Graham

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #7 on: November 29, 2020, 09:28:25 pm »
Quite true, and it's pretty close to the opposite of what I was talking about in the OP.

I'm not sure what you're proposing, i don't know what you mean by "resetting capitalism".  What does that entail?

Since this pandemic is a once-in-a-century phenomenon I think we should fix some of the glaring holes we've had in our pandemic preparedness in case this happens again, and support people and small businesses get back to work, but not sure what else we need to do besides that in terms of COVID.
I can tell how good of a person you are by how you treat the people you disagree with.
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Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #8 on: November 29, 2020, 10:04:20 pm »
I'm not sure what you're proposing, i don't know what you mean by "resetting capitalism".  What does that entail?

Since this pandemic is a once-in-a-century phenomenon I think we should fix some of the glaring holes we've had in our pandemic preparedness in case this happens again, and support people and small businesses get back to work, but not sure what else we need to do besides that in terms of COVID.

It almost certainly won't be just a 'once in a century phenomenon, but that's not the point. Capitalism roars at the same time as food lines to feed the hungry in the US are longer than ever before. Their brand of capitalism doesn't work. Does it matter to the people that businesses that deal in  non-essentials are going out of business?

Does it matter to the economy of that country? If so then why is the stock market booming?

You suggest the S.&P. is overinflated. Is that the flash in the pan before the darkness? I suspect it's not.
Three billionaires in that country hold as much wealth as the bottom half of their people. That's very wrong!

If you understand better now, your thoughts?
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #9 on: November 29, 2020, 10:09:15 pm »
I think we have left our country vulnerable with our reliance on other countries for a lot of critical things. We should pull a Trump and designate domestic sources in certain sectors a matter of national security

Try to tell us what domestic sources you're talking about wilbur. I can then try to tie that in with the topic here on this thread.Even though I have no idea on how that could be done.

It's just more important to not discourage you when you're at least trying. Thank you!
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

Offline Gorgeous Graham

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #10 on: November 29, 2020, 10:13:37 pm »
It almost certainly won't be just a 'once in a century phenomenon, but that's not the point.

When is the last time something like this has happened?  1918 Spanish Flu?

Quote
Capitalism roars at the same time as food lines to feed the hungry in the US are longer than ever before. Their brand of capitalism doesn't work. Does it matter to the people that businesses that deal in  non-essentials are going out of business?

Does it matter to the economy of that country? If so then why is the stock market booming?

You suggest the S.&P. is overinflated. Is that the flash in the pan before the darkness? I suspect it's not.
Three billionaires in that country hold as much wealth as the bottom half of their people. That's very wrong!

Yes I agree that the USA has many problems revolving around inequality and it's been this way for a long time, it's sad but they don't seem to learn.  They elected Biden over Bernie, so I guess that's their problem to solve.  I like Bernie.  We can't force them to embrace what every other Western country has.
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Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #11 on: November 29, 2020, 10:21:44 pm »
When is the last time something like this has happened?  1918 Spanish Flu?

I'm thinking of over 7 billion and up to 10 billion where it's predicted to stop.

Quote
Yes I agree that the USA has many problems revolving around inequality and it's been this way for a long time, it's sad but they don't seem to learn.  They elected Biden over Bernie, so I guess that's their problem to solve.  I like Bernie.  We can't force them to embrace what every other Western country has.

We're seeing an extreme now, as I've suggested with the comparison of great prosperity in the stock markets compared to great hardhips with food lines  stretching over the horizon.

I think that many don't appreciate the size of the problem and that's got a lot to do with propaganda that's peddled and upheld by even those who are bankrupted and close to starving on the streets.

Can they break free and remake capitalism into something similar to China's huge success story? I hope you agree that it's a success story?
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #12 on: December 02, 2020, 02:13:37 pm »
Yesterday the US death count to the virus hit over 1500 by noon PST.
Today the death count has hit 1900 by noon PST.

https://www.worldometers.info/coronavirus/country/us/

There's probably little doubt that the death count will pass 300,000 in the US, early in December!
Also of interest will be Canada's death rate that can be roughly compared by dividing the US by 10.
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.

Offline waldo

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #13 on: December 02, 2020, 02:27:50 pm »
There's probably little doubt that the death count will pass 300,000 in the US, early in December! Also of interest will be Canada's death rate that can be roughly compared by dividing the US by 10.

stand back and stand by! The waldo's crack research team is still working the math...


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Offline Montgomery

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Re: Could Covid be Offering a Restart for Democracies?
« Reply #14 on: December 02, 2020, 02:40:53 pm »
stand back and stand by! The waldo's crack research team is still working the math...




It's too early in the day to tell waldo. I think Canada's death toll has been going along at about 2/3's of the US after adjustment per capita. But there's a good chance of them blowing by 3000 today, for an alltime record.

Do you think that Biden has the power to at least make his recommendations known to the people, so as to gain some leverage for stopping the slaughter?
Trump as the official president seems to have gone dark!
It was believed afterward that the man was a lunatic, because there was no sense in what he said. ~M.T.
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