Doctors and Robber Barons: Economics of the Pandemic

The economic devastation brought about by lockdowns, mandates and various forms of Covid tyranny becomes more apparent by the day.

We were long aware of the massive wealth transfer caused by the lockdown measures. The governments demonstrated clear favouritism towards big businesses, which were much more likely to be deemed “essential” and much more able in general to adapt to new regulation. This resulted in record breaking billionaire wealth growth and big-business profits while medium and small businesses were forced to close, a significant portion of which closed for good.

This was cynical and deliberate: People with independent sources of income outside of the economic establishment are simply not as easily controlled. In contrast, big businesses are generally well integrated to the political establishment: A revolving door between the two ensures a common elite that watches each other’s backs. They are more likely to implement government agendas which they help to shape in turn.

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While this was going on in the west, it turns out that the pandemic hit the middle-income countries the hardest. AA reports:

The new evidence compiled with the World Bank reveals that more than half a billion people are being pushed into extreme poverty because they must pay for health services out of their own pockets, the WHO raised alarm.

The pandemic also triggered the worst economic crisis since the 1930s, making it increasingly difficult for people to pay for care,” said the WHO.

More than half a billion pushed into extreme poverty due to lockdowns.

While the AA piece does not present a detailed breakdown, going back to the World Bank report of October last year shows a clearer picture:

The COVID-19 pandemic is estimated to push an additional 88 million to 115 million people into extreme poverty this year, with the total rising to as many as 150 million by 2021, depending on the severity of the economic contraction. Extreme poverty, defined as living on less than $1.90 a day, is likely to affect between 9.1% and 9.4% of the world’s population in 2020, according to the biennial Poverty and Shared Prosperity Report. This would represent a regression to the rate of 9.2% in 2017. Had the pandemic not convulsed the globe, the poverty rate was expected to drop to 7.9% in 2020.

The report also finds that many of the new poor will be in countries that already have high poverty rates. A number of middle-income countries will see significant numbers of people slip below the extreme poverty line. About 82% of the total will be in middle-income countries, the report estimates.

Looking at the World Bank predictions and the recent data as reported in AA, it becomes apparent that the agenda to reshape the societies and economies has a very real and tangible human cost.

Global finance is always ready to take from the disadvantaged and sell them their lives back on loan, and the economic leverage they achieve through economics of usury is their main tool in pressuring countries into adapting their satanic social agendas.

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Baz

In most of the world during the old pre-modern era before the industrial revolution, there was no middle class and instead only two extremes : 95-99% of the population living as mostly rural poor peasants and lower class people, and a tiny upper class elite of royals and nobles making less than 5% of the population.

The modern industrialization changed that by creating a huge growing middle class who are not too poor or rich but balanced in between (like how Muslims are supposed to be a balanced middle path between the two extremes). But now it seems the situation is reversing and the world is going back to the old pre-industrial order where everyone is either poor or part of the tiny rich elite, and the middle class is dying out.