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COVID-19 is likely to accelerate a business environment revolution : Comments
By Murray Hunter, published 3/4/2020COVID-19 is unprecedented, in a short space of time completely rearranging the focus of government, rupturing national economies, hindering world trade and mercilessly destroying businesses.
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With the recalcitrants resisting kicking and screaming!
I mean, nations starved under mountains of food, as cargos of grain were tossed overboard rather than deliver them to customers who couldn't pay, through no fault of their own!
Since the new deal and the period of unprecedented post-war prosperity, a conservative element gradually wound back cooperative capitalism an instead forced a new paradigm on us that destroyed egalitarian and fair-minded outcomes, in favour of more and more of our finite wealth concentrating in fewer and fewer hands.
Via money plucked from thin air by derivatives and now bitcoin, [same animal different mother.]
Fortunes will be lost and those who survive will need to share their wealth with those who earn it for them! Finally understanding, we're all in this together and if we all have to share the pain? Then to not just survive commercially, but prosper!
Those that cross the bridge, will need as much goodwill and cooperation from loyal employes, who will assist recovery if they also share the gains far more equitably than now. The goodwill bought with this measure will be worth gold in the days to come!
Those businesses that want to socialise the losses and privatise the profits should be shown the door unless or until, government bailouts result in transferred equity!
Cooperative capitalism may look like communism to the indifferent recalcitrants, who just want to return to the same old same old, status quo? But as different as chalk and cheese.
When we emerge from this crisis with a greater death toll than two world wars?
If we haven't taken on board the lessons learnt, then we don't deserve yet another chance!
Alan B.