How the C-Suite Embraced Lockdowns and Economic War by David Stockman

The managements and boards of America’s largest corporations went along with Covid-19 totalitarianism without a peep of protest. From David Stockman at brownstone.org:

A while back, corporate America was bending over backwards to appease the Virus Patrol with lockdowns, mandatory masking and threats to fire anyone who didn’t take the Jab.

This was supposedly owing to the “science,” but it has long been evident that the latter was a limpid cover story. Big Business complied because the business culture of the corporate elites has become deeply confused and even corrupt.

Their stocks being vastly overvalued owing to the Fed’s relentless and egregious monetary expansion, the C-suites have lost track of their #1 duty—profit maximization. The latter has been sacrificed to corporate virtue signaling, head pats from the politicians and invitations to White House soirees.

These corporate “statesmen” get all the above psychic rewards, plus mighty fat stock option enrichment, too, because the Fed won’t see it any other way. They are pleased to call it “wealth effects” policy, when the truth is it is market-wrecking and wealth-destroying policy.

The utter economic waste and injustice to employees, shareholders, and various other stakeholders brought on by the new corporate virtue signaling is now starkly evident in the global data that prove beyond a shadow of doubt that the whole Virus Patrol-dictated anti-Covid regime was completely wrong from the very beginning.

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