“The
two aims of the Party are to conquer the whole surface of the earth and
to extinguish once and for all the possibility of independent thought.”
40
million unemployed Americans. Pretty powerful piece of BBC reporting
last night on 5-hour queues for upstate NY middle class food banks. “These people have now missed 5 or 6 paychecks and they need to eat”, said a charity worker. A protestor demanding reopening screamed into a microphone: “What is the point in saving people from coronavirus and then letting them starve instead?” America looks divided.
It’s
not just them. The mood is getting uglier. A chum at a leading
investment firm has just been quietly told he won’t be getting paid the
bonus he expected – it been worded as deferral, but looks permanent. He
says he puffed up and cited his rights but got brutally slapped down:
told he’s lucky to have a job, and if he complains or says anything he’s
on furlough and out the door immediately thereafter. He’s terrified.
He’s highly levered, has school fees to pay, and feels trapped. It’s
made a bad social situation worse, stuck in a small London house with
kids and a now very unhappy wife.
Repeat
the same scenario some 20 million times around the globe – as the upper
middle classes are “disciplined”. Job losses are accumulating across
the global economy. But don’t worry, your Pension plan, Super or 401 is
doing just fine… for now…
https://morningporridge.com/the-morning-porridge/f/blains-morning-porridge---may-22-2020---ailing-dragon-needs-us
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