Covid 19 - the plus side economically..

I don't know how these things stand in the rest of the world but about ten years ago we went house hunting and one of the things that struck me was that every other sizeable property outside or even on the outskirts of London had some sort of workshop in the garden. Some were pretty much home offices but quite a lot were manufacturing odds and ends for the local area and businesses therein. No one appeared to be making telephone numbers but it did enable the owners to be at least half their own men and women.

As companies grew bigger the little fellows got squeezed out. Partly because of the economies of scale but I suspect also because big tends to forget that little exists.

So it has struck me that if the country grinds to a halt, then a lot of big firms are going to break up and the little chap will have a chance once again and we will end up with a revitalised class of yeomen and women entrepreneurs. And that can't be bad.

 

The big firms will be bailed out, very few of them will fail — instead they will get bigger.

The only way we will see this trend reversed is a major progressive tax on corporations by total income that cannot be written off or avoided — and that will never happen.

 

True that! But only feasible w/ a Trump (capitalistic) model of slashing Fed. regulations that are designed to thwart entrepreneurialism - ceding control to the almighty 'Gub-ment'.