Class Warfare Blog

April 16, 2020

What The Pandemic Is Teaching Us

Filed under: Culture,Economics,Politics — Steve Ruis @ 10:53 am
Tags: ,

Nurses, waitresses, clerks, office workers, janitors, garbage men, etc. that is ordinary workers are way more valuable than CEOs.
The pandemic is the equivalent of a CEO strike. Have you notice any impact from that? Would you rather have your local garbage men working or your local CEOs? CEOs are tremendously overvalued (mostly by themselves and their hand-picked boards of governors). CEOs ratcheted their salaries up to astronomical heights and I have proposed a way to ratchet them down quite rapidly. It starts with either firing the current CEO or on the occasion that he is retiring you then offer the job to the first vice-president (or the equivalent) at half the salary. If they are insulted by the offer or just refuse, you offer the job to the second vice-president (or the equivalent) at one-quarter of the salary. If nobody inside takes the job, offer it out at half the leaving CEO’s salary. Repeat as necessary. (And, really, you don’t have to worry about the quality of the person in the job because it just isn’t that important.)

That the economy is not driven by demand but by supply is bunk and always has been.
Paid for Hire Economists launched this steaming pile of misinformation to support “supply side economics” a product of magical thinking if there ever was one. Greed is unlimited in capitalism, so politics must do the limiting, but the very rich do not like that so they bribe politicians to do things like favor them when taxes are cut. To provide some protective cover the bullshit economic theory of “supply side economics” was commissioned and paid for.

That church and state are nowhere near separate in this country, not even close.
In Florida, the state’s governor, Ron DeSantis, created a “worship exemption” in his “Safer at Home” order. His pair of executive orders forces all localities, regardless of how overwhelmed their medical facilities are or how many people are infected, to allow large gatherings in churches. Why Governor DeSantis wants to illegally allow Christians to kill themselves via virus is unknown. Maybe he has a large bet in a pool “Jesus vs. COVID-19.” Hard to say. But the state shouldn’t be exempting religions from rules designed to keep citizens alive.

Many People are Obstinate and Stupid
I admit to a certain amount of glee every time I see a preacher who insisted on keeping his (it is always a male, it seems) church open during the pandemic who then contracts the COVID-19 and dies. Apparently protection offered by the Blood of Jesus is overrated.

It also seems that stupidity has its own set of rewards and punishments built in. Another plus for evolution.

We Really Do Benefit from Not Having an Idiot in the White House
Since we are a secular country, the POTUS can act as a moral leader and, well, a cheer leader, when we encounter a major bump in the road as we are experiencing now. Having an amoral moron in the White House not only does not help but it can actually cost a lot of lives, misery, and lost economic opportunities.

7 Comments »

  1. Steve, I LOVE this perspective! Your five points/facts are certainly poignant and spot on. And if there has been anything more the COVID-19 pandemic has also taught 7.6-billion+ humans, with one exception—individual economics—it is equivalency. Starting at birth every single human on Earth is in many respects a puppet. On the level of microbiology it is the Universe, the Cosmos and its mechanics that pull and move humankind’s strings. In response our ignorance as well as knowledge is born and formed, falsely, factually, equally. One would think these realities would keep all of us quite humble. But alas.

    I am reminded of Aesop’s Fable about The Oak and the Reeds. Remember it? Fascinating how an ancient 6th – 5th century BCE tale stands the test of time. That is… “time” as we have imperfectly constructed it. 😉

    Like

    Comment by Professor Taboo — April 16, 2020 @ 12:16 pm | Reply

    • And, we have elevated “The Economy” to god-like status, worshiping it, and serving it. But you can’t put money on one side of the scale and dead bodies on the other. The kinds of analyses we do in these cases were designed for other purposes and do not really apply now. I recommend Nassim Taleb’s writings on the current situation. He is a risk expert and we are doing all of the wrong things. He considers the WHO to be a criminal organization!

      On Thu, Apr 16, 2020 at 12:16 PM Class Warfare Blog wrote:

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      Liked by 1 person

      Comment by Steve Ruis — April 16, 2020 @ 12:26 pm | Reply

      • Nassim N. Taleb, huh? I’ll search him and his current work. Are you referring to his “Black Swan” concept?

        Like

        Comment by Professor Taboo — April 16, 2020 @ 12:34 pm | Reply

        • Yes, but this is not a Black Swan event as it was predicatable and should have been prepared for and was not.

          On Thu, Apr 16, 2020 at 12:34 PM Class Warfare Blog wrote:

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          Liked by 1 person

          Comment by Steve Ruis — April 16, 2020 @ 12:43 pm | Reply

      • Watching a YouTube video interview of Taleb and he calls it not a Black Swan, but a White Swan.

        Like

        Comment by Professor Taboo — April 16, 2020 @ 12:38 pm | Reply

  2. Yep, yep, yep, and yep.

    Liked by 1 person

    Comment by john zande — April 16, 2020 @ 12:38 pm | Reply


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