'Heads we win, tails you lose': how America's rich have turned pandemic into profit As 26 million Americans lose their jobs, the billionaire class has added $308bn to its wealth ....... Never let a good crisis go to waste: as the coronavirus pandemic sweeps the world, America’s 1% have taken profitable advantage of the old saying. ......
Some of the richest people in the US have been at the front of the queue as the government has handed out trillions of dollars to prop up an economy it shuttered amid the coronavirus pandemic.
At the same time, the billionaire class has added $308bn to its wealth in four weeks - even as a record 26 million people lost their jobs.Dad of NY doctor Lorna Breen says she ‘was in the trenches’ before suicide
Covid-19 has blown apart the myth of Silicon Valley innovation The pandemic shows that the US is no longer much good at coming up with technologies relevant to our most basic needs. ........ the coronavirus pandemic has revealed much of what is broken and decayed in politics and society in America. ...... Big tech doesn’t build anything. It’s not likely to give us vaccines or diagnostic tests. We don’t even seem to know how to make a cotton swab. ........ The pandemic has made clear this festering problem: the US is no longer very good at coming up with new ideas and technologies relevant to our most basic needs. We’re great at devising shiny, mainly software-driven bling that makes our lives more convenient in many ways. But we’re far less accomplished at reinventing health care, rethinking education, making food production and distribution more efficient, and, in general, turning our technical know-how loose on the largest sectors of the economy. ...........
innovation is the only way for an advanced country like the US to grow over the long run ...... a lack of business- and government-funded R&D is a big factor
....... Even before the pandemic, Van Reenen proposed “a massive pool of R&D resources that are invested in areas where market failures are the most substantial, such as climate change.” ....... one of the most important failures revealed by covid-19: our diminished ability to innovate in areas that truly count, like health care and climate change.
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Coronavirus News (63) https://t.co/LO1Fwqg8I5 #remdesivir #coronavirus #COVID19 #LockdownEnd #pandemic
— Paramendra Kumar Bhagat (@paramendra) April 30, 2020
A COVID-19 Dilemma: Where are all the PPEs? https://t.co/qJVBzyhdsx
— allnurses.com (@allnurses) April 30, 2020
Wondering whether cash transfers should be universal or targeted after a disaster like Covid-19? So was @Stanford's basic income lab. Juliana Bidadanure, @sheidaelmi, @dr_pugh, @DavidCalnitsky, and @Ugentilini and I weigh in: https://t.co/LjcH3jIN5X #BasicIncome
— Miranda Perry Fleischer (@mirandaperrygrl) April 28, 2020
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