If That Just Don’t Beat All

The front page of the online edition of the New York Times for Tuesday, May 5, 2020 was an accurate barometer of the contemporary situation. On the left hand side the NY Times headlined “Infection Rates Show the Threat of Coronavirus Is Not Fading.” The top story line beneath the headline read “The U.S. is seeing at least 25,000 new cases per day, an increase of 2 to 4 percent. There have been more than 1,000 daily deaths for over a month.” On the right hand side, sharing equal billing was the headline “Wall Street set to gain amid signs of optimism.” The reflection of today was not limited to the NY Times exclusively. The same day The Wall Street Journal headlined an article with “Why Home Prices Are Rising During the Pandemic”. Again same day, different news source, USA Today headlined “Essential worker just means you’re on the death track”. The headlines for today are as polarized as the politics that surrounds them. Ohio’s Governor Dewine’s daily update on the Covid 19 situation in Ohio showed an increase in cases along with an increase in mortalities. As of this writing Licking County increased to 133 from a previous day’s 130, and the previous to that 114. Yet contrary to the Governor’s initial rationale for nixing the Arnold, halting the March primary and closing public institutions, etc., all systems are go for reopening, without the curve ever reaching a peak. It doesn’t matter? Or is something else at play here? During the Arab oil embargo of the 1970’s it was the simplistic “supply and demand” explanation. During the Reagan recession of the 80’s it was “too many dollars chasing too few goods.” In the 90’s it was the dot com bubble with its enterprising entrepreneurs self justifying mega dividends. W’s regime righted itself with a war economy after 9/11. The chickens came home to roost with his end of term meltdown on the bundled, junk sub-prime securities. B Rock rescued everything through compensating the source of the loss with the mantra of “we can’t let the system fail.” And now this. THIS appears to be the complete unbridled, shameless operation of the market with no other considerations. There is no rhyme or reason, no attempt to justify or rationalize any of it (“Supply and demand” or “too many dollars chasing too few goods” etc.). Those accustomed to making money off whatever situation find no difference in the current situation. Those who always had to pay, no matter the situation, find no difference today except that now it also includes paying with their lives. The polarization reveals itself for what it is: the US as an economy versus the US as a society.

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