The Capitalists Who Fear Capitalism

June 12, 2023

by Jeffrey Tucker Daily Reckoning

Among the many grim memories of lockdowns were boarded-up local shops.

Meanwhile, long lines outside the big-box stores like Walmart, Kroger, Whole Foods and Home Depot. For very strange reasons, small business was universally declared to be nonessential whereas the big chains were deemed essential.

This amounted to a massive industrial subsidy to large companies, which emerged from the pandemic period richer and more bloated than ever. Meanwhile, millions of small businesses were utterly wrecked.

Nearly every day, my inbox fills with tragic stories of family businesses that were just getting going when the lockdowns came and destroyed everything. Not enough of these stories were ever told.