The question is whether it is necessary to adopt the Chinese formula and shut the whole country down,"
The last ten days have had the virtue of inserting us into a worldwide reality show aimed at paralyzing our brains with fear and turning the world at large into a immense farm of automatons.
We thus aimlessly run to the supermarket to grab everything in sight.
We have cleaned each closet about ten times.
We have cooked a pool of jams, soups and sauces.
We have ironed and starched grandma's table cloths and bed spreads for the first time in ten years.
And we have cleaned our computer systems of digital garbage.
A price tag for this laborious dedication to domestic chores and digital cleanliness just for the U.S. would be close to $317 billion. Indeed, the Bureau of Economic Analysis has found that if the value of household production were included in gross domestic product (GDP), it would add approximately $3.8 trillion to the U.S. economy.
In contrast the country shutdown will most probably munch up about 10% of our GDP, which means we will lose about $ 1.9 trillion.
To be sure, should we add the losses attributable to paralysis in the most vulnerable activities such as transportation services, restaurants, lodging and entertainment services, the tab reaches $175 billion per month or $2.1 trillion a year or 14% of consumer spending. And the ancillary cost in reduced payrolls represents $574 billion.
- Hits: 4407
expansion of wind and solar tax credits, other items lifted from the Green New Deal and $25 million for the Kennedy Center as part of a $100 million arts funding. Finally, Democrats and Republicans were able to reach an agreement early Thursday at midnight approving a larger stimulus package costing up to $2 trillion after some of these marginal allotments were added. This Party's obstructive strategy is inspired by Rahm Emmanuel’s maxim about never letting a good crisis go to waste. In this instance, the Democracy is probably overreaching itself. In which case, it may soon discover that the crisis it didn’t allow to go to waste was its own.
“everything is bad” about Fidel Castro’s Communist revolution in Cuba because El Caballo, as “Fidel” was known to his supporters, seized power with a literacy program ready to introduce on the island should put an end to this “principled” business once and for all. We can now see that, if the Comrade Senator is indeed a man of principle, that principle is an evil one.
the “end of history.” Writing a few months before the Berlin Wall fell, Fukuyama argued that humankind’s ideological evolution had come to an end. Although various twentieth-century political movements had promised to supersede Western liberalism, by the end of the century their impetus had been exhausted. Communism might still have “some isolated true believers” in such far-flung places as “Managua, Pyongyang, or Cambridge, Massachusetts,” but it was no longer a viable contender for ideological hegemony. Devoid of credible alternatives, the world was safe for liberal democracy: “The state that emerges at the end of history is liberal insofar as it recognizes and protects through a system of law man’s universal right to freedom, and democratic insofar as it exists only with the consent of the governed.”