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With their bizarre and extreme lockdowns, governments are forcing very low-risk populations to endure social isolation and unemployment. The mental health effects will be significant.
Although many claim "nobody saw this coming," some entrepreneurs planned ahead and also have found ways to cater to customers under new conditions.
Socialism is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys.
Bureaucracy and Regulation
Unlike in the federal government, some small bits of progress have been made against the regulatory regime at the state level
Taxes and Spending
The Social Security program will have to be either inflated away with increasingly worthless dollars or Congress will have to intervene to cut benefits.
Philosophy and MethodologyPrices
Government statistics on worker productivity combine many errors of aggregation such as "average prices" and the total purchasing power of money. So it's unlikely that productivity numbers tell us much that's useful.
Social Security has been a money-losing mess for decades, and it's a major drain on private sector saving and investment.
From orthodox Marxism to anarcho-syndicalism, here's a brief guide to the many flavors of socialism.