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kpete

(72,022 posts)
Sat May 9, 2020, 11:40 AM May 2020

A righteous rant: "Re-opening" isn't about saving ordinary workers-It's about saving the 1%"

A righteous twitter rant:

Covered Dish People
@doctorow
“Re-opening” isn’t about saving ordinary workers and earners. You can’t save someone by infecting them with a deadly disease. In a world without contact-tracing, therapeutics, tests, PPE, santizing products, etc, more contact means more risk of illness and death. 1/

“Re-opening” is about saving investors: the 1% who constitute the major shareholders in large firms whose calculus goes like this: “30% unemployment means that for every worker who dies on the job, ten more will apply to take their place.” 2/

These people are willing to risk workers’ lives and shoppers’ lives because they believe they do not have a shared microbial destiny with the rest of us. They think they won’t get sick, and if they do, they think they’ll get better. 3/

That’s because they never had to go without medical care because they lacked insurance or because their insurer-imposed rationing denied them the care their doctors advised them to get, so they are less likely to have chronic illnesses and other comorbidities. 4/

They can afford premiums to gougers for PPE for shopping trips, and if they do get sick, they can afford private rooms, hoarded ventilators, and home care (with PPE for the workers who care for them). For the investor class, “re-opening” is low risk and high reward. 5/

There’s only one fly in the ointment. People don’t want to throw themselves in a volcano to appease the economy gods. The vast majority of Americans think re-opening is a bad idea. 6/

That’s why the gloves are off, like in Ohio, where bosses can use a confidential snitchline to rat out workers who won’t come back for fear of their lives: these workers will lose their unemployment benefits, their homes, their grocery money. 7/

……………………………………………………….
The right loves to talk about “moral hazard” in the context of social safety nets (“if we let people see a doctor without paying, they won’t take steps to keep themselves from getting sick or injured”). 21/

But reality demonstrates, time and again, that the real moral hazard comes from letting investors socialize their costs and privatize their gains. eof/


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agingdem

(7,859 posts)
1. so how much longer do we stay hunkered down?
Sat May 9, 2020, 12:13 PM
May 2020

when the scientists and the doctors tell us it's ok to leave our homes? and would those be the scientists and doctors Trump has muzzled? who's going to give us the all-clear and will we believe it? do we stay locked in our homes waiting for the magic vaccine that saves more people than it kills and how do we get it? ...how about when all small businesses close their doors forever?...we can't establish a new normal until we leave our homes, masked, gloved, and carrying sanitizers bc that all we can do if we want to live above ground and outside

napi21

(45,806 posts)
4. I believe all of that is true. The one thing thay didn't say is DT wasts everything open because
Sat May 9, 2020, 12:34 PM
May 2020

HE thinks it will help get him re-elected! I believe THAT is the biggest motive today.

Ford_Prefect

(7,921 posts)
6. Hands up everyone who thinks the 0.01% are twisting Donny's tail about re-opening...
Sat May 9, 2020, 02:30 PM
May 2020

OK.

Now, Hands up everyone who thinks the Putin is twisting Donny's tail about re-opening...

OK.

Now, Hands up everyone who thinks McConnell is twisting Donny's tail about re-opening...

OK.

Now, Hands up everyone who thinks the MAGATS are twisting Donny's tail about re-opening...

OK.

Now, Hands up everyone who thinks Donny is twisting Donny's tail about re-opening...


It seems to me the answer is obvious.

kimbutgar

(21,206 posts)
7. Got to keep Wall Street happy
Sat May 9, 2020, 02:31 PM
May 2020

The MF45 administration and repukes think we are expendable and easily replaced.

Profits over people.

PurgedVoter

(2,220 posts)
8. it is the 1% and their money vs the 2% and their lives.
Sat May 9, 2020, 02:32 PM
May 2020

Class warfare is happening right now. We got here, because of the 1%. Welcome to your, one in fifty chance of dying so that a man who does not know you and would not care if he did, can continue competing in a game based on greed without need.

Bernardo de La Paz

(49,045 posts)
9. "Investors socializing their costs and privatizing their gains" is a phrase for the age. So real
Sat May 9, 2020, 02:33 PM
May 2020

That in a nutshell is how the gaping wealth and income disparity is created and widened.

They depend on so much infrastructure like public schools and subsidized airports and roads paid for by citizens through gas taxes.

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