Small business owners whose lives have been permanently upended are going to be a whole new political faction around the world. Doctors and nurses are at least getting tagged heroes and will likely still have jobs even if hospitals end up bankrupt. But this group will be...angry.https://twitter.com/BW/status/1251179665735266305 …
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Something I've been thinking about is how challenged this group will be to channel their anger. The political class is largely captured by the elites, and the elites themselves are so far removed.
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Gone are the days of storming the castle or the Versailles. Do they take it out on the accessible but wrong targets or resign themselves to bitterness and hopelessness.
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You'd be surprised how bad they are. What they do have on their side, usually, is "better" law.
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If the policies have specific language excluding pandemics (which apparently many do after 2009), how can it *not* be decided in favor of the insurance companies?
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Because the assumption allowing that language was that the government would step in to help in the event of some societal-level disaster. If the government is demonstrably unable (or unwilling) to do that...
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kindling: shake shack *not franchised* got SBA $$$. Franchises another class/tier did.
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Smart and powerful thread.
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Even for the insurance companies that lose, they will not end up paying out because they will end up bankrupt. There -has- to be something to help out restauranteurs and other retail small businesses. There are so many that ‘too big to fail’ applies collectively.
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