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Tom Gara: The Real Economic Catastrophe Hasn’t Hit Yet. Just Wait For August. (Buzzfeed)
Tom Gara: The Real Economic Catastrophe Hasn’t Hit Yet. Just Wait For August. (Buzzfeed)
After a terrifying spring spent in lockdown and a summer of protests in the streets, things are going to get a lot worse in the fall. --- As millions of people experience a sudden collapse of their income at the very moment their landlords are allowed to start kicking them out, other bills will also come due. Payments on millions of paused student loans will begin again at the beginning of October; the more than 4 million homeowners who received a six-month pause on their mortgage after April’s mass layoffs will need to start making payments again at the end of October. […] You might have noticed a few major things — like, well, the coronavirus pandemic — missing from this equation. If we’re really lucky, we won’t experience a nasty second wave of infections in the fall and early winter, spurring new rounds of attempted lockdowns shortly after the economic plane crashes into the mountain — lockdowns that will once again disproportionately affect Black people and people with low incomes who can't safely work from home. Fingers crossed on that one.
·buzzfeednews.com·
Tom Gara: The Real Economic Catastrophe Hasn’t Hit Yet. Just Wait For August. (Buzzfeed)
Ezra Klein: The debate over ending social distancing to save the economy, explained (Vox)
Ezra Klein: The debate over ending social distancing to save the economy, explained (Vox)
President Trump wants to cut short social distancing measures to save the economy. Is the cure worse than the disease? --- So let’s put this clearly: Comparing the cure and the disease is a false choice in both directions. If you let the disease rage, you don’t save the economy. But if you lock down the economy, you don’t cure the disease. It is understandable, in the initial panic to slow the disease, that public health messaging has emphasized the importance of social distancing, but in order to keep people bought into that strategy, it’s necessary to be clear about what comes after. […] The grim truth, for those of us living under tight lockdowns right now, is it’s not clear that the time we’ve bought is being used well. Social distancing is likely slowing disease transmission, but there’s little evidence that the country has been sufficiently swift in surging health and testing capacity. Indeed, governors of key states are saying, daily, that they’re not getting the support they need. […] Rather than make the country’s sacrifices count, Trump is telling Americans we’ve already sacrificed too much, for too long. This is a moment that demands social solidarity, but all Trump knows is fracture. This is a moment that requires long-term thinking and sacrifice, but Trump acts on the timeline of the cable news segment in front of him. It is perhaps the most stunning and dangerous abdication of presidential leadership in the modern era.
·vox.com·
Ezra Klein: The debate over ending social distancing to save the economy, explained (Vox)
Maria Bustillos: The failures of Ayn Rand (Popula)
Maria Bustillos: The failures of Ayn Rand (Popula)
For those who are inclined to find such ideas ludicrous, the book will fail, and utterly; its premises betray a bottomless ignorance of the deep interconnectedness of humankind, the needs — economic, social, emotional, intellectual — of human beings for one another, and of the ultimate inalienable reality of life on Earth as a whole, the totality of which each is a part, and our need to live in this wholeness. Rand is 100% pro-inequality; she preaches the intellectual and moral superiority of wealth, and scorn and hatred of those who have “less.” Objectivism actively praises inequality. But nobody has “less,” because all have the same, of the only thing that matters—life, for a moment, and then?—something, nothing, nobody knows. Equality is not a fantasy, nor even a goal; it is just a fact. […] Rand’s books have sold nonstop from the moment they were published because people love hearing how not only can they get away with being totally selfish, it’s absolutely the right way to be. The best way to be, as in, morally the best. […] The real looters, it increasingly appears, are the self-styled Objectivist “elites,” rabidly pursuing their own “happiness” at the cost of our social safety net, the prosperity and well-being of the world’s people and even, quite possibly, of this planet’s capacity to sustain life. So much for the triumph of individualism.
·popula.com·
Maria Bustillos: The failures of Ayn Rand (Popula)
Robert Reich: The Origins of the Enthusiasm Gap
Robert Reich: The Origins of the Enthusiasm Gap
"A stimulus too small to significantly reduce unemployment, a TARP that didn’t trickle down to Main Street, financial reform that doesn’t fundamentally restructure Wall Street, and health-care reforms that don’t promise to bring down health-care costs have all created an enthusiasm gap. They’ve fired up the right, demoralized the left, and generated unease among the general population."
·robertreich.org·
Robert Reich: The Origins of the Enthusiasm Gap