Going out of busines ...
Main Street shuttere ...
While Big Wall Street based businesses have gotten Richer like always, during the Covid-19 Pandemic, as you can see from Wall Street hitting record Highs almost EVERY DAY resulting in:
Wall Street billionaires get richer during coronavirus pandemic
At same time Small businesses, that is 99% of businesses, which are not Wall Street based, have gone out of Business by the Millions:
Nearly half small-business owners fear coronavirus will close their operations by mid-2021
WHY? Because we have most Unfair=Unfree Markets, since Big Wall Street based businesses have access to just about any amount of Capital they want, from $100-Mill in Series-A, to Billions in an IPO, to even more Billions in secondary offerings, and they do no have to pay a cent of this Capital back since it is issued to them in exchange for Shares they print. OTOH, Small businesses, that is 99% of businesses, not Wall Street based, have NO access to any such capital and instead their only access to capital is by borrowing a relatively paltry sum, generally under $250K, which they have to pay back at high interest rates
So questions are:
1- How did Big Media get away with selling the notion that we have "Free Markets"?
2- What can we as concerned Citizens do about this incredibly Unfair=Unfree Markets? Which are leaving our (Main) Streets shuttered and in ruins?
P.S., For sake of full disclosure, I am one of the original founders of Anoox dedicated to goal of supporting Small businesses and Social causes