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Will It Take Food Shortages to End the Shutdown?

Bankruptcy Again

EDITOR'S NOTE: reminder - we are all 9 meals (that's 3 days) away from anarchy - literal anarchy like Venezuela and other third world nations level anarchy. Once people get hungry, the paper thin veil of civility will come tearing off to reveal the savage nature of mankind. It's not IF, it is when. Time to get prepared with tangible assets to help get you fed and out of the way of the swarm of mindless eaters.

 

Listen to the Audio Mises Wire version of this article.

Americans are uniquely privileged, to the point of simply imagining they can stay home for months and months without suffering severe economic hardship as a result. Our unique privilege is delusion, the mentality that America is rich and will remain rich without particular effort on our part. Abundance simply materializes around us, regardless of incentives, and the job of politicians is to rearrange this abundance more equitably.

Polls such as this one showing widespread American support for quarantines and business shutdowns are evidence of this American privilege. Eighty percent of respondents think shutdowns by various state governors are justified as a response to the COVID-19 virus, and one-third support extending closure for another six months! 

This reflexive and unthinking complicity from the American public is partially explained by media hype, of course, over an illness which at this writing has killed fewer than sixty thousand Americans. Fear and hysteria always sell. The press clearly wants the coronavirus to be a major event, one that unseats Trump in the fall. (For its part, the administration is doing a terrible job, starting with the awful Dr. Fauci, whom the president should have sacked months ago.) And clearly the various governors' responses are wildly out of proportion to the actual public health threat, even if initially well intentioned due to sheer uncertainty of the virus's lethality. 

But something far more fundamental is at work here. Americans simply fail to understand, or even much think about, the fragility of distribution chains and the goods and services we rely on. Earlier this week the chairman of conglomerate Tyson Foods warned that disruptions at processing plants could create very serious shortages of beef, chicken, and pork in US grocery stores, and decimate livestock farmers. And of course this was bound to happen as the dominos fell: the shutdowns would not only impact "nonessential" goods, but everything

Who didn't see this? Will it take outright food shortages to make Americans change their minds about whether the shutdown is "worth it"?

 

Read Original Article at mises.org

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