Chewybunny wrote:
I think making all accounting information of congressional members public domain while they serve their term is the first step. Then any legislation they support that can effect the stock price of stocks they own or would be buying should be readily available to the public – and held in deep scrutiny. Currently they have 3 months to declare their earnings/losses, and in the game of wallstreet that is an entire quarter's worth. It should be real time tracking. And we have the tech for it.
In 2020 I more t han doubled my own wealth too. To be fair I got lucky, I got a severance package and laid off around January of 2020, and coupled with unemployment benefits and stimulus I dropped a ton of money into blue-chip stocks that I knew would rebound as soon as the pandemic was over. I was right.
But, regardless to that, it is extremely note worthy how certain companies, Amazon and big pharma made massive profits from the pandemic. I think it goes into my theory that there are multitudes of different institutions that have to gain from keeping the COVID fear porn alive to this day.
Unforunetly the biggest loser in the pandemic is the small business owner and small landlords. And looking at modern twitter discourse on the so called progressive left, they feel that the fact that the small business owner lost, is a good thing.
I'd say the biggest losers are the dead. With a Bataclan everyday in France, a Lockerbie in the UK and 2/3 of a 9/11 everyday for the US, it's a humanitarian disaster. I think that shouldn't be forgotten, even as we talk about economy. There's blood on our hands as a society.
Anyway, from what I've glanced at progressive internet, I'm of the opinion that a lot of small business losses are warranted (whether or not they're deserved). Both from a management and market viewpoint.
Small businesses that worked like petty tyrannies, who demanded sacrifice from workers whom they would give no lotalty in return are losing workers. Most worker turnover has had the behavior of their immediate bosses as the top cause, and to defend the big companies, I've seen and experienced more abuses from small business with a nebulous work culture than larger offices.
Market wise? Instead of efficiency, resilience is the word of the day, and bigger groups can take hits without folding. We're going to see even more disruptions in the future (environmental, health, maybe even political) and if small businesses can't function under stress, they need to be replaced otherwise local communities will suffer for it.
I fear monopolies and oligopolies, because they make sense. Some markets trend towards those states without intervention.
Devil's advocate:
To defend the small businesses, there's also a tendency for the "small bourgeois" to be the first targets in a revolt. In 'Germinal' it's the shop owner who's been raising the price of bread who gets killed by miners, not the mine owners. It's why the small business owners need to invest in the community for social stability, while the very rich don't. Or why small buisiness pays for the popular anger that should have been directed at big government or buisiness.
Just a sad tendency, but not one that should be forgotten. Especially when a lot of rich manipulate the fear of being attacked to turn the middle and lower class against each other.