Big Government, Big Business, Big Problems
Since the start of the Covid crisis, the American economy has in fact been turned on its head. Times benefit the big guys– Big Business and Big Government. But what about for the small company owner, the personification of the American dream?
PragerU is experiencing extreme censorship on Big Tech platforms. Go to https://www.prageru.com/ to enjoy our videos without censorship!
SUBSCRIBE https://www.prageru.com/join/
Take PragerU videos with you all over you go. Download our totally free mobile app!
Download for Apple iOS ➡ https://itunes.apple.com/us/app/prageru/id1115115779
Download for Android ➡ https://play.google.com/store/apps/details?id=com.cappital.prageru
To see the FACTS & & SOURCES and Transcript, see: https://www.prageru.com/video/big-government-big-business-big-problems
Join PragerU’s text list! https://optin.mobiniti.com/prageru
Love PragerU? Visit our shop today!
Script:
There was the Great Depression (1932-1940) … The Great Recession (2008-2009) …
And now the Great Consolidation, a historic transfer of wealth and power from the middle class to the well-connected and already abundant.
Huge Government and Big Business are dismantling and reshaping the American economy. It works for them– they are larger, more effective, and richer than ever– nevertheless it does not work for a lot of Americans.
This is particularly true for the engine of financial growth– the small company owner.
More than 30 million small business represent about half the GDP and jobs in America; the other half of the economy is focused in around 20,000 substantial business.
Based upon that almost comparable split of financial worth, you might anticipate that small businesses have the exact same influence as industries.
Not even close.
Huge corporations are masters of the political game. They have the money to pay the lawyers, political leaders, and lobbyists to get what they require. And, in turn, the government gets what it needs from Big Business– project, cooperation, and compliance contributions.
Little business are on the sidelines of this game. Your local butcher, baker, and candlestick maker merely do not have the money to make big campaign contributions or use lobbying teams.
Still, for all these disadvantages, the entrepreneurial spirit that has really long defined America has really never ever subsided.
Then came Covid– or rather, the federal government reaction to Covid.
” Two weeks to slow the spread” ended up being month after month of lockdowns and ever-shifting limitations that ruined many small businesses and left millions more hanging on by a thread.
Big companies were deemed “essential” and allowed to stay open, while small businesses went through punishing lockdown orders and required to close, in part or completely. The hypocrisy offered by this federal government order– Big Box open, Mom and Pop not– was obvious for all to see. These choices were not based upon science however on political impact.
You may take Fido to PetSmart to have his hair groomed and his nails cut, however not take yourself to your preferred beauty salon for a pedicure. How does that make good sense?
Or how about this example.
In Los Angeles, the Pineapple Hill Saloon and Grill was forced to close its outdoor dining area– while a motion picture production hosted a catering outdoor camping tent serving food to its cast and team in the exact same parking lot that the dining facility had in fact been needed to abandon.
The outcomes of this plan weren’t difficult to forecast: costs that might not be done at small companies was moved to the ones that were open: industries.
In this environment little companies were “too little to prosper” not due to the truth that of anything they did nevertheless since the federal government wouldn’t allow them to serve their customers– all their work, money, and dreams and hopes were compressed by federal government required.
It was the worst of times for the little guy. And the very best of times for the Big Guys: Big Business and Big Government.
As Big Government bent its power with costs and lockdowns and the Federal Reserve pumped cash into the marketplaces, big businesses and their investors did outstanding. 7 innovation service alone got more than $3 trillion in worth and the most upscale became even wealthier.
Now, Big Business isn’t bad in its own right. Every substantial service began as a small one. Industries produce services and products that add worth to our lives. No one must resent them making millions or possibly billions in income– that is, if it is done on benefit. It is a huge problem, though, when it is done through the government restricting and even shutting down the competitors– small business. That’s not free-market commercialism. That’s cronyism.
And there’s no evidence that this trend– Big Government and Big Business growing– is going to end anytime quickly.
Who’s going stop it?
Not Big Business. It constantly gain from less competitors.
For the complete records check out: https://www.prageru.com/video/big-government-big-business-big-problems.
source
Times are good for the huge guys– Big Business and Big Government. Huge companies were thought about “crucial” and enabled to remain open, while little companies were subjected to penalizing lockdown orders and required to close, in part or in full. Every substantial business began as a small one. Big organizations produce product or services that include worth to our lives. It is a huge problem, though, when it is done through the federal government restricting or perhaps closing down the rivals– little service.
Times are excellent for the big guys– Big Business and Big Government. And, in turn, the federal government gets what it requires from Big Business– compliance, project, and cooperation contributions.
Now, Big Business isn’t bad in its own. It is a huge issue, however, when it is done through the government restricting and even closing down the competition– little organization. Times are great for the huge guys– Big Business and Big Government.
