Posted on 03/23/2020 6:45:54 AM PDT by SeekAndFind
As the Wuhan virus wreaks havoc across the world and here in the U.S., Americans would do well to remember one of the biggest reasons why we will most likely weather this storm better than any other nation. After our faith in the One who made us and in His great wisdom, mercy and love, perhaps the greatest weapon in the world against the Wuhan virus is American capitalism.
Whether or not you agree that the concern — or panic — over the Wuhan virus is real or manufactured, there is little doubt that we are in unprecedented times. In my 50 years of life, I’ve never seen anything like this. I’ve seen our nation scared over health concerns, national security concerns, and the like, but never to the point of shutting down churches, schools, entertainment, businesses, and so on, on the scale that we are now witnessing.
There’s no doubt that such a shutdown will drastically impact our lives and our economy. In fact, as dire as the health consequences from the Wuhan virus might be, the economic consequences of this pandemic could be even worse. However, we will make it through this—even the vast majority who contract the virus will recover—and hopefully most of us will be no worse for the wear. If this is indeed the case, Americans will owe a great deal to American capitalism and the businesses and corporations that our economic system created.
Last week, while announcing a national emergency over the Wuhan virus, President Trump surrounded himself with the leaders of several U.S. corporations including Walmart, Target, and CVS. Part of the Trump administration’s goal in enlisting pharmacies and retailers is to provide Wuhan virus testing in “critical locations,” as determined by health care professionals.
(Excerpt) Read more at americanthinker.com ...
Trump hosted executives from Gilead Sciences, Regeneron Pharmaceuticals, Moderna, GlaxcoSmithKline, Pfizer, Johnson & Johnson and Sanofi to discuss efforts to create a vaccine and therapeutics.
“Today, we are meeting with the pharmaceutical and biotechnology companies — the biggest in the world, most prestigious, the ones that get down to the bottom line very quickly,” Trump declared at the meeting’s onset.
In addition, prior to announcing the national emergency, in order to “help beat back falsehoods and use artificial intelligence to glean new insights into the fast-spreading virus,” the Trump administration met with technology giants Amazon, Apple, Cisco, Facebook, Google, IBM, Microsoft, Twitter, and the like. Fox Business reported that after meeting with “big tech,” the same day the Trump administration also met with big banks in order to “discuss not only combating coronavirus but likely also the extreme market swings that have dominated the past few weeks.”
The way to solve any large scale problem is to use the faculty of reason, capital accumulation, and technological advances to produce what is needed. Individuals must be left free to act in a way that is in their rational self interest. All these are the characteristics of capitalism.
A lot of people are saying thank God Trump is President when this hit. This misses the point. if Obongo or the witch was POTUS and running for re-election none of this economic ruin would be happening. The MSM and Obama would have made sure the lid was kept on it to protect Obongo. Instead the opposite happened and MSM saw it as their last chance to destroy Trump. So here we are. Most approve of the President’s handling but it is at a terrible price.
Consider a single 3M plant in South Dakota will be churning out 35 million face masks a month. How long would it take for a government run factory to produce at these levels considering the bureaucracy needed, the unions to placate and the general bumbling inefficiency of government management of anything.
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