Monday, June 29, 2020

Bankrupt 1

Plague and disease have hit human civilizations before. 

The very worst, the Black Death in the mid-1300's, killed 75-200 million people over a few years - when the world only held about 475 million. Imagine if the U.S. lost a similar percentage, roughly 100 million people, today to Covid-19.

During pandemics of the past, governments did not force financial disaster on citizens. They would probably have starved to death if they had to abandon their work. But this time retail shops, restaurants & bars, laundromats, janitors, gyms, hair stylists, etc. were forced to give up their living.

Catastrophe has claimed some of them. Of course it did. How many weeks could they hang on with no income? By mid-May there were already 100,000 business failures in the U.S.


(cont'd tomorrow)

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