Economic Articles from 2021
48% Of U.S. Small Businesses Fear That They May Be Forced To “Shut Down Permanently” Soon
[Community] [Economic]
48% Of U.S. Small Businesses Fear That They May Be Forced To “Shut Down Permanently” Soon
By Michael Snyder
Posted January 21, 2021
What would the United States look like if we lost half of our small businesses? The reason I ask that question is because approximately half of all small business owners in the entire country believe that they may soon be forced to close down for good. Not even during the Great Depression of the 1930s did we see anything like this.
The big corporate giants with extremely deep pockets will be able to easily weather another round of lockdowns, but for countless small businesses this is literally a matter of life and death. Every day we are seeing new restrictions being implemented somewhere in the nation, and the politicians that are doing this are killing the hopes and dreams of countless small business owners.
According to a recent Alignable survey, 48 percent of U.S. small business owners fear that they could be forced to “shut down permanently” in the very near future. More…
The Covid “Pandemic”: Destroying People’s Lives. Engineered Economic Depression. Global “Coup d’Etat”?
[Economic] [Social]
The Covid “Pandemic”: Destroying People’s Lives. Engineered Economic Depression. Global “Coup d’Etat”?
By Prof Michel Chossudovsky
Posted January 20, 2021
Red Zones, the facemask, social distancing, the closing down of schools, colleges and universities, no more family gatherings, no birthday celebrations, music, the arts: no more cultural events, sport events are suspended, no more weddings, “love and life” is banned outright.
And in several countries, Christmas is on hold …
It’s the destruction of people’s lives. It is the destabilization of civil society. And for What?
The Lies are sustained by a massive media disinformation campaign. 24/7, Incessant and repetitive “Covid alerts” for the last ten months. … It is a process of social engineering.
Manipulation of the Estimates. The RT-PCR Tests are Misleading. More…
The Viral Assault On Small Businesses
[Economic] [Political]
The Viral Assault On Small Businesses
by MN Gordon
Posted January 19, 2021
COVID-19 has provided the perfect cover for Schwab’s disciples to assault one of America’s remaining expressions of freedom and independence: small businesses. With lockdowns, politicians get to pick and choose what businesses survive and what businesses don’t. They get to decide who’s essential and who isn’t.
By and large, corporations, having interests aligned with politicians, are considered essential. Small businesses aren’t. Walmart lives. Dick’s barbershop dies. McDonald’s survives. Tito’s Tacos doesn’t.
What’s more, legislation with the supposed intent to stop the spread of coronavirus has devastated small businesses. Roughly 100,000 small businesses have permanently closed. At the same time, big corporations are reaping record profits. More…
No Escape from Our Techno-Feudal World
[Community] [Economic] [Social]
No Escape from Our Techno-Feudal World
By Pepe Escobar
Posted January 18, 2021
The political economy of the Digital Age remains virtually terra incognita. In Techno-Feudalism, published three months ago in France (no English translation yet), Cedric Durand, an economist at the Sorbonne, provides a crucial, global public service as he sifts through the new Matrix that controls all our lives.
Durand places the Digital Age in the larger context of the historical evolution of capitalism to show how the Washington consensus ended up metastasized into the Silicon Valley consensus. In a delightful twist, he brands the new grove as the “Californian ideology”.
We’re far away from Jefferson Airplane and the Beach Boys; it’s more like Schumpeter’s “creative destruction” on steroids, complete with IMF-style “structural reforms” emphasizing “flexibilization” of work and outright marketization/financialization of everyday life. More…
If You Thought 2020 Was Bad, Watch What Happens In 2021
[Economic] [Political] [Social]
If You Thought 2020 Was Bad, Watch What Happens In 2021
By Brandon Smith
Posted January 17, 2021
In terms of the economy and the American social situation, 2020 is definitely one of the ugliest years on record, there’s really no way around it. That said, I get the impression that many in the public are operating under the assumption that we are about to cross over the peak of the mountain and it will be all downhill from here on. Unfortunately, this is not the case.
All eyes have been focused on the pandemic event, and the thinking is that once the pandemic is “over”, the crisis will be over and everything will go back to normal. But, as the globalists have been telling us since the outbreak began, the world “will never go back to normal again”. It’s not because of the pandemic, mind you, it’s because THEY won’t allow things to go back to normal. The “great reset”, as the World Economic Forum calls it, is meant to go on for many years. And, the globalists intend that every aspect of our lives be changed into something almost unrecognizable.
First I want to make it clear that I don’t expect the reset agenda to be successful. In fact, I think it’s going to fail miserably. The globalists have reached too far too fast and exposed themselves, and millions upon millions of people around the world and in America are not buying the pandemic narrative. But here is the problem; the pandemic is a distraction from a much greater threat, namely the economic collapse that is developing right now. More…
“We Hadn’t Really Thought Through the Economic Impacts” ~ Melinda Gates
[Economic] [Social]
“We Hadn’t Really Thought Through the Economic Impacts” ~ Melinda Gates
by Jeffrey A. Tucker
Posted January 10, 2021
In a wide-ranging interview in the New York Times, Melinda Gates made the following remarkable statement: “What did surprise us is we hadn’t really thought through the economic impacts.” A cynic might observe that one is disinclined to think much about matters than do not affect one personally.
It’s a maddening statement, to be sure, as if “economics” is somehow a peripheral concern to the rest of human life and public health. The larger context of the interview reveals the statement to be even more confused. She is somehow under the impression that it is the pandemic and not the lockdowns that are the cause of the economic devastation that includes perhaps 30% of restaurants going under, among many other terrible effects.
She doesn’t say that outright but, like many articles in the mainstream press over this year, she very carefully crafts her words to avoid the crucial subject of lockdowns as the primary cause of economic disaster. It’s possible that she actually believes this virus is what tanked the world economy on its own but that is a completely unsustainable proposition. More…
The Great Reset Conspiracy Smoothie
[Economic] [Social]
The Great Reset Conspiracy Smoothie
by Naomi Klein
Posted January 9, 2021
The Great Reset encompasses some good stuff that won’t happen and some bad stuff that certainly will and, frankly, nothing out of the ordinary in our era of “green” billionaires readying rockets for Mars. Indeed, anyone with even a cursory knowledge of Davos speak, and the number of times it has attempted to rebrand capitalism as a slightly buggy poverty alleviation and ecological restoration program, will recognize the vintage champagne in this online carafe.
Like the WEF’s earlier big themes, the Great Reset is not a serious effort to actually solve the crises it describes. On the contrary, it is an attempt to create a plausible impression that the huge winners in this system are on the verge of voluntarily setting greed aside to get serious about solving the raging crises that are radically destabilizing our world.
Why? For the same reason I keep hearing Facebook ads on NPR podcasts telling me how much Facebook wants to be regulated. Because if our corporate overlords can create this impression, it is less likely that governments will listen to the rising chorus of voices calling on them to do what is required to actually combat spiraling poverty, joblessness, climate breakdown, and informational degeneration: regulate the companies that have created these crises, and tax them, break them up, and, in some cases, put them under public control. More…
Inaugurating the “New World Order” via the “Great Reset”
[Economic] [Political] [Social]
Inaugurating the “New World Order” via the “Great Reset”
By Prof. Ruel F. Pepa
Posted January 6, 2021
The Great Reset is basically aimed to “transform organization design and work design” as spelled out in section 1.1 of the White Paper Resetting the Future of Work Agenda: Disruption and Renewal in a Post-COVID World issued in October 2020 by the World Economic Forum (WEF) in collaboration with Mercer.
he Great Reset is one heck of a deception. The “great resetters” are global economic programmers motivated by greed as they have determined once and for all that, their total economic and financial domination over the globe will only be achieved through the consolidation of their enormous wealth. To be more specific, these programmers are operating within the confines of the World Economic Forum (WEF). The radical change they have been dealing with and propagating around is against the interest of humanity. This Great Reset is therefore a large-scale project aimed to dehumanize humanity.
What we witness at this point in time is the omnipotence of the enormous power players behind this so-called pandemic: the World Economic Forum (WEF) and the global industrial titans that constitute it who have already issued even some four years back the blueprint of the New World Order called The Fourth Industrial Revolution (2016) which was later followed up in 2018 by Shaping the Future of the Fourth Industrial Revolution and capped this year with the issuance of another document called Covid-19:The Great Reset. More…
This Is Going To Be The Worst Winter For The U.S. Economy In Modern Times
[Economic]
This Is Going To Be The Worst Winter For The U.S. Economy In Modern Times
by Michael Snyder
Posted January 5, 2021
We already knew that this was going to be the worst winter for the U.S. economy since the Great Depression of the 1930s, but now a new round of lockdowns threatens to rip the guts out of hundreds of thousands of small businesses all around the country. As I write this article, 33 million people are under “stay-at-home orders” in California alone. With each passing day, state governments are implementing even more new restrictions, and those new restrictions are going to increasingly choke the life out of economic activity in this nation.
The good news is that most of the corporate giants have enough resources to weather another round of lockdowns, but countless small businesses do not.
Traditionally, small businesses have been the primary engine of job growth in the United States, but now they are laying off workers in droves once again. So far this year, more than 70 million Americans have filed new claims for unemployment benefits, and this unprecedented tsunami of job losses was caused by the original round of lockdowns. Now a new wave of lockdowns is upon us, and there is going to be extreme economic pain all over America. More…
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Quotable Sayings
There is no chance, no destiny, no fate that can circumvent or hinder or control the firm resolve of a determined soul.
Ella Wheeler Wilcox
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You do not become a billionaire through labor. You become a billionaire through inheritance, corruption or economic rents – or, in most cases, some mixture of all three.
Grace Blakeley
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Mainstream American liberals think they’re clear-eyed because they can see the propaganda strings being pulled by Fox and Donald Trump, and mainstream American conservatives think they’re clear-eyed because they can see the propaganda strings being pulled by MSNBC and the Democrats, but the propaganda strings on both trace back to the same puppet master. And seeing that is just the beginning.
Caitlin Johnstone
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It is obvious that the US government is destroying Assange to signal to journalists the consequences of publishing information. It is therefore also obvious that any journalist who fails to use whatever platform they have to speak out against Assange’s persecution has no intention of ever publishing anything that the US government doesn’t want published. Their silence on or support for what is being done to this man can and should be taken as an admission that they are nothing other than state propagandists.
Caitlin Johnstone
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It’s quite fitting that the – imperially pre-determined – judicial fate of Julian Assange is being played out in Britain, the home of George Orwell.
Pepe Escobar
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