As our people and small businesses hold on for their lives and livelihoods, many are looking on, wondering what happened to the grand promise of unfettered capitalism.
What happened to the promise of endless growth? Of the greatness of the free market?
The sheer inadequacy of the market to respond to this pandemic, the utter weakness of big business to pull us out of this mess is itself a master lesson in economics.
It’s also an indictment of extreme capitalism.