- Lockdowns have wrought unimaginable hardship, suffering and death; 163,735 U.S. businesses had closed their doors as of August 31, 2020, and of those, 60% — a total of 97,966 businesses — were permanent closures. Meanwhile, the collective wealth of 651 billionaires in the U.S. rose by more than 36%
- An April 2020 report estimated 3 million Britons had gone without food at some point in the previous three weeks. An estimated 1 million people had by then already lost all sources of income
- A Canadian survey in early October 2020 found 22% of Canadians experienced high anxiety levels — four times higher than the prepandemic rate — and 13% reported severe depression. The drug overdose epidemic has also significantly worsened this year
- In Japan — which didn’t even implement lockdowns — government statistics reveal more people died from suicide in the month of October than have died from COVID-19 all year
- Lockdowns have also resulted in dramatic increases in domestic abuse, rape and child sex abuse. Children are also falling behind socially and developmentally, even if they’re not exposed to direct abuse
In a December 9, 2020, Twitter thread,1 Michael P. Senger, an attorney and author of the September 2020 article,2 “China’s Global Lockdown Propaganda Campaign,” reviewed the largely hidden impacts of global lockdowns. Ivor Cummins’ video above also reviews data showing just how “hugely ineffective” lockdowns have been.
As one would expect, shutting down businesses for extended periods of time leads to businesses going under for impaired cash flow from lack of revenue. Back in August 2020, Bloomberg reported3 that more than half of all small business owners feared their businesses wouldn’t survive. They were right.
According to a September 2020 economic impact report4 by Yelp, 163,735 U.S. businesses had closed their doors as of August 31, 2020, and of those, 60% — a total of 97,966 businesses — were permanent closures.5 As noted by Senger:6
“That ’leaders’ across the world transformed into tyrants, believing they had a right to bankrupt their subjects, is the core evil of lockdown.”
The Greatest Wealth Transfer in History
How does shutting small businesses but allowing big box stores to stay open protect public health? There’s really no rhyme or reason for such a decision, other than to shift wealth away from small, private business owners to multinational corporations.
While working-class Americans have been forced to file for unemployment by the tens of millions, the top five richest people in the U.S. increased their wealth by 26% between March 18 and June 17, 2020.7 Since the beginning of the pandemic, the collective wealth of 651 billionaires in the U.S. rose by more than 36% ($1 trillion).8 The assets of these 651 billionaires is now nearly double that of the combined wealth of the least wealthy 165 million Americans.
As noted by Frank Clemente, executive director of Americans for Tax Fairness, “Never before has America seen such an accumulation of wealth in so few hands.”9 ”