Covid Lockdowns Have Created a Crisis of Crony Capitalism

Following eight long months of heartbreak, panic, and despair stemming from the Covid crisis, government has once again worsened an already-terrible situation.

It’s not difficult to see how the government’s reaction to the pandemic has accelerated our path towards America’s economic ruin. Since the lockdowns began in March, roughly 163,000 businesses have closed their doors with the intention of doing so temporarily. Of these, nearly 100,000 have been forced to close permanently. Other estimates suggest that, by the time the pandemic is over, as many as 60% of all COVID-related business closings will be permanent, with 130 million people worldwide expected to starve due to government lockdowns.