Tags: Coronavirus | coronavirus | economy

A Phased-In US Economy May Be Doomed to Fail

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By Monday, 13 April 2020 08:11 AM Current | Bio | Archive

So … few of us have escaped the burdens foisted upon the country by the autocratic shutdown of the world's largest economic engine. And not since WWII austerity measures has the country seen its civic soul so wretchedly blackened by its own hand.

For a few weeks, now, a growing consensus has beseeched those holding the reins to unleash the shackled business sectors and end the nightmarish suffering that blankets the country.

However, President Trump may be one of few who understands that the U.S. economy is far from being so simple. In fact, such thinking simply points to the degree of naivet√© of those mounting these (quick fix) pleas.

Given certain complexities that are inherent to an economy as large as ours, to liberalize the return of some and not others would only create confusion, frustration, and a different sort of "shutdown," as those attempting to limp back to health finally realize that, without access to more regions, the juice of promise is not worth the squeeze of struggle.

The U.S. economy relies on an integrated whole, not the fragmented structure seen across curbside vending. Our economy, powered by an infrastructure unique to us, is a synchronized economic and commercial masterpiece. It is not a mass collective, independenly operating as parts of an economic whole. Truly, it is a total that is far more than the sum of its collective pieces.

Hemorrhaging most are the small businesses, which comprise approximately 80% of jobs, as the pistons to this mighty economic juggernaut. Some of them, having been forced to shutter their doors, may be gone forever, while others wonder how long they can endure without even the most meager revenue stream.

However, if this economy is to have a chance at a robust return from such a massive retreat, it cannot be hampered by crippling indecisiveness, coupled with partial commitment. Being half-pregnant or wasting too much unproductive time "...on the pot" are options better left untried.

The country cries out for its economic freedom to return; however and at the same time, it hungers for the return of its confident and intrepid Americanism, not the timid, careful, and guarded protections against failure.

Coming out of this draconian stumble, I fear we will discover how needless this self-inflicted suffering truly was. To allow scientists to dictate market/business-centric decisions is like relying on the input of a botanist when railway bridge-building is the challenge at hand. When interests, empathetic concerns, and/or abilities are exogenous to one's field, he or she should not be so freely granted (command) market decisions.

While the clenched fist prevents loss of that it clutches, it cannot receive that which might become available. Security is one thing, but calculated risk — not fear and dread — have been the hallmark character of America, ever since it rolled the dice of servitude to England and, with only a ragtag group of raggamuffin militia, defeated what was, at the time, the mightiest fighting machine on the face of the globe.

Such an America deserves its freedom ... to life, liberty, and the pursuit ... of whatever it dares.

Milt Thomas grew up on a South-Georgia farm, graduated magna cum laude from the University of Georgia's Grady College of Journalism, and received his MBA from Emory University's Goizueta Business School. After a career as an executive with Cox Broadcasting, WSB-TV, Home Depot, and The Coca Cola Company, he is working to launch a new tech startup to rival social media and elevate the internet's entire quality experience. He has written and self-published his first book, "Black, Dumb and Barefoot...And Knocked Up By the Democrats." Milt makes his home in the Atlanta Metro. To read more of his reports — Click Here Now.

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The U.S. economy relies on an integrated whole, not the fragmented structure seen across curbside vending.
coronavirus, economy
Monday, 13 April 2020 08:11 AM
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