Socialism is all but dead wolfie, they have run out of others people's money, the last hurra is the printing press, the private sector will return to the barter system or will find a different way to do business, good luckThanks Brendan,
I do feel your comment deserves a final, more considered response.
This line of thinking is dead. The long-term of what is occurring will see to that. Socialism has arrived, not by a central dictat authority, but by the people, for the people at the behest of the people.
After covid19 the notion that we can simply return to the way it was before is not going to happen.
It is patently obvious, with the collapse of the aviation and tourism industry, fishing, retail sector, and subsequent industries like insurance and banking to follow that, - we are all in this together
It will take a time for this to register with everyone, im already listening to landlords v tenants, the mortgage holders v banks, insurance industry v retail sector. This will continue for sometime until it registers - we are all in this together.
The national debt, the budget deficit, its all meaningless unless we have a functioning and stable society and economy to live and work in. In order to have this the money printing presses need to be turned on, to keep law and order, to keep business afloat, to help businesses re-open. Not just nationally, but internationally - we are all in this together.
So when Covid 19 passes, and the next time you hear of a trolley crisis, or homeless crisis, or fodder crisis, or crime rates increasing, suicide rates increasing, mental health issues increasing, insurance premiums increasing, house prices out of reach of working people, extortionate rents choking working people etc, etc, remember - we are all in this together.
Where there is any structural deficit, in society or in the economy, then there will be no excuse for government or private industry not to remedy it. Just print the money.
If money printing can be used, as it will, to save the global economy, then there is no excuse to not using it for local and regional matters, because, when it was needed nationally and internationally - we were all in it together.
Now where is the Log Out button?