We’re All In This Together… But Not In The Way You Think


We’re All In This Together… But Not In The Way You Think

Tyler Durden

Thu, 05/21/2020 – 23:25

Authored by Robert Blumen via The Mises Institute,

We are all in this together. No, by that I do not mean what Andrew Horney calls “all those cloyingly saccharine, feel-good public service announcements being delivered by famous faces on television and social media platforms, telling us “we’re all in this together.” We are all interdependent through the production of goods and services that constitutes the market order.

Some critics of the current crisis see it as yet another case of the rich getting one over on the rest of us. I will argue that this cannot be correct, because the rich as well as the poor (and the middle class) depend on the freedom to produce, and are all harmed by the lack of it.

Angelika Albaladejo writes, “The Rich Are Getting Richer,” citing a new report that “shows that some American billionaires are making substantial gains during the global health crisis.” Wilamette Week asks, “How Will the Rich Get Richer During the Pandemic-Fueled Economic Collapse?”

Israel Shamir in “Deep Pockets Love Lockdown” suggests that the rich do not like the widespread availability of travel:

No more travels for us. The very rich folks will regain their solitary possession of Venice, the Côte d’Azur, and all the other elite destinations so recently inundated by mass tourism. Once again they will have it as good as they had it in the 19th century. Travel is a luxury, and ordinary people do not deserve luxury. They tried to keep us away by making travel as unpleasant as possible with body searches, but it didn’t help. If this global pandemic doesn’t stop us, they are simply going to cut us off.

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The greatest influence on everyone’s standard of living is the overall production of the society they live in. Under the current prohibitions, some businesses gain market share—a larger piece, but sliced from a much smaller pie. The rich, who enjoy and can afford luxury goods, depend on the productivity of all members of society for these goods. Those who can afford to fly first class, or perhaps in their own private planes, depend on the engineering advances from the mass production of airplanes that have reduced the …read more

Source:: Zerohedge.com


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