Think about it, the corona virus has brought the supply side and the demand side of the pro-rich growth economy in place in most countries.....
Before the virus hit a high portion of the demand side was already cash poor or short; and after the virus hit and lockdowns and stay at home policies came alone that high portion of the demand side went basically cash empty....
If the governments, safely or not, move towards bailing out the supply side of the market to set up again its pro-rich growth structure to reopen economies, they need as strong demand, but a cash empty demand can not support such a structure as it could not afford to participate in the market,,,,and the market should be expected to collapse....
However, if the government sets up a sustained direct trickle down program to give the demand side ability to pay/buy, then this can create a tricle up effect that would clear the goods and services coming from the newly revived pro-rich growth model as they would be able to participate in the market for as long as the direct trickle down is on..
Which raises the question, Will the recovery of the pro-rich growth economy need a trickle up push from a direct trickle down program?. I think yes, what do you think?
Emmanuel, thank you for taking the time to comment.
There are specific conditions that make direct extreme government intervention acceptable to the supply side of the market/the rich, and the corona virus creates those conditions, yet this is little or not understood,,,, I provided some food for thoughts on those specific conditions linking external shocks to markets and government response that has the support of the supply side of the market/the rich....
I am sharing that paper here with you and when you have time you can take a look at it and if you find it interesting you can share it with your contacts....
Sustainability thoughts 116: How the economic science based liberal democracy model should be expected to react when facing external shocks under inequality?
https://www.researchgate.net/publication/341833133_Sustainability_thoughts_116_How_the_economic_science_based_liberal_democracy_model_should_be_expected_to_react_when_facing_external_shocks_under_inequality
Respectfully yours;
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