Coronavirus Capitalism and “Exceptional” America   

United States capitalism system was already on the verge of a major recession before COVID-19 hit.  All the classic signs were there:  absurdly inflated P/E ratios s (an absurdly inflated stock market), massively deb-leveraged corporations, giant consumer and student debt, savage economic inequality (so extreme that the top tenth of the U.S. upper 1 percent had more wealth than the nation’s bottom  percent), tens of millions living just one inadequate  paycheck away from being unable to meet basic living expenses , and more.  If the virus hadn’t broken that camel’s back, something else would have done the job, albeit with a less devastating impact than an epic pandemic. More

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