Author Topic: 60% of Business Closure Are Now Permanent (Read 1891 times)

Yeti · « **Reply #5 on:** October 09, 2020, 11:50:52 PM »

Quote from: meek on September 20, 2020, 06:19:22 PM

So say the children of Adam Smith whose thesis has created modern economics. We're supposed to just accept that, like we're supposed to accept the only alternative is Marxism.

It's true. I am not an economist, but I believe it has something to do with amounts of leverage that businesses take on, and the inevitable reckoning that comes when they take on too much debt. At that point they have to divert more of their income to paying off their debt, which causes a slow-down in the economy as the companies they normally buy from suffer from a drop in sales as a result, creating a domino effect. At least that's one common explanation for what is a highly complex phenomenon. But it has been happening since the beginning of the Industrial Revolution with a reasonable amount of regularity, so it seems to be part of the system we have.

Matthew · « **Reply #6 on:** October 10, 2020, 12:41:58 AM »

So we'll all be dependent on huge corporations for our food, supplies, necessary machines and equipment, services, etc.
And when a few big businesses have a monopoly, they can easily impose things like masks, vaccines, Mark of the Beast, etc.

Losing so many small businesses is NOT a good thing.

Also, for every $1M spent at retail, I bet a lot more of that goes to "paychecks" at all the small businesses, vs. when Wal-mart brings in another $1M. In other words, those huge businesses have economies of scale, are super-efficient, and basically need less people to make $1M than 300 small businesses would, to earn that same $1M selling widgets.

That's good for Wal-mart and mega-corporations -- bad for those who need a job.

Seraphina · « **Reply #7 on:** October 10, 2020, 03:51:22 PM »

I don’t see myself returning to work. The scam has rendered me and my means of livelihood a dinosaur overnight. Nobody wants a 60 year old with a health issue who cannot do manual labor.

Carissima · « **Reply #8 on:** October 10, 2020, 04:24:50 PM »

For the last few months, where I live in Tennessee, there have been several new small businesses opening up. Restaurants; big chain and small mom&pops, bakeries, coffee shops, fusion cafes, smoothie places, a specialty soap store, classy bars and boutiques.
Some stores and restaurants closed during covid and have had multi-million dollar updates and are now ready to reopen.
And we also seeing an incredible influx of people moving here from other states in record numbers, ultimately driving the housing market here through the roof.

My brother recently moved here from California and had to put several offers on a few different houses because they kept getting outbid.
I’ve lived here for 15 years and cannot believe the recent level of growth.
Covid closed many people’s businesses forever, and yet many had success thrust into their laps due to the ‘plandemic’. Interesting and unexpected turn of events.

Marys Anawim · « **Reply #9 on:** October 10, 2020, 04:59:39 PM »

Quote from: Seraphina on October 10, 2020, 03:51:22 PM

I don’t see myself returning to work. The scam has rendered me and my means of livelihood a dinosaur overnight. Nobody wants a 60 year old with a health issue who cannot do manual labor.

Are you able to maintain yourself? many have predicted a coming surge of foreclosures

CathInfo.com

Author Topic: 60% of Business Closure Are Now Permanent (Read 1891 times)

Yeti

Re: 60% of Business Closure Are Now Permanent

Matthew

Re: 60% of Business Closure Are Now Permanent

Seraphina

Re: 60% of Business Closure Are Now Permanent

Carissima

Re: 60% of Business Closure Are Now Permanent

Marys Anawim

Re: 60% of Business Closure Are Now Permanent