The Archivist
31 July 2022 · 19:54 UTC

Defeating the myths of the economy defeats Covid. A biggie - ‘business’. There is no such thing as business.…

Defeating the myths of the economy defeats Covid. A biggie - ‘business’. There is no such thing as business. There are customers, workers and managers. Customers buy things, which pays the managers and workers. Nick Hanauer knows it. /1 https://t.co/YjceIUpoz3
Post 2 of 9 · 31 July 2022 · 19:54 UTC
Yes there are organisations that we call ‘businesses’ that produce things for sale, which customers buy. Undeniable. But as Hanauer has been saying for years, we have the causation backwards. It’s customers, with money, who generate ‘business’, for businesses. /2
Post 3 of 9 · 31 July 2022 · 19:54 UTC
Business doesn’t create jobs, as politicians and lobbyists say. Customers with money create jobs. If a population is well paid and flush with cash, any business can thrive and employ people. If all of the money is concentrated in the hands of a tiny handful of owners and…/3
Post 4 of 9 · 31 July 2022 · 19:54 UTC
…managers though (our current supply-side model), the whole process stops. The sleight of hand here is to create a fictitious entity called ‘business’, that instead of being the process of creating and selling goods (obviously fine) instead represents the owners and managers. /4
Post 5 of 9 · 31 July 2022 · 19:54 UTC
The ‘business community’ always means these owners and managers, never the workers or customers. It’s the next level of scale down from the fiction of the ‘economy’, the economy is just the same fiction at a society level. Both strategic fictions that take the basic process…/5
Post 6 of 9 · 31 July 2022 · 19:54 UTC
…of creating and selling things, driven by customer demand, and pretend it’s all driven by the tiny handful of owners and managers. Hanauer says it - customers with money generate business, and generate jobs. But trickle-down, supply-side economics reversed this basic truth…/6
Post 7 of 9 · 31 July 2022 · 19:54 UTC
…and created the unbelievable fantasy that everything is created by this tiny group of parasitic owners (including shareholders) and managers, who then pocket most of the money. It’s this tiny group that opposes pandemic action most strongly, on the grounds of ‘keeping the…/7
Post 8 of 9 · 31 July 2022 · 19:54 UTC
…economy moving’, by promoting ‘business’. As if infecting and impoverishing workers, who are also customers, does either of those things. Workers and customers are the SAME PEOPLE. How hard is that to understand? An ‘economy’ is always just people, with or without money. /8
Post 9 of 9 · 31 July 2022 · 19:54 UTC
Which is also why infecting them all with Covid destroys business and economy. You have no workers and no customers. Infect all the owners and managers, and ‘business’ will carry on just fine. QED. /end

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