Capitalism: Doing what government can’t do

From an interview with Mike Rowe-

Mike Rowe: Coronavirus Crisis Could Be ‘Most Compelling Case for Capitalism That We’ve Seen in Our Lifetime’

Rowe cited companies such as GM – which last week announced plans to ramp up production of ventilators — and 3M — which the financial website StreetInsider reported has doubled its production of respirators – as examples of capitalism responding.

“We have these big conversations about what direction the country is headed and what direction the country ought to be headed,” he said.

Literally anyone familiar with the history of the country’s greatest achievements knows that it was the country’s strong capitalistic structure – one that rewards efficiency and advancement – that has made it possible for the United States to overcome its challenges.

“I’m looking at distilleries who are now making hand sanitizers,” Rowe told the “Fox & Friends” crew.

“It’s big and it’s small. It’s micro and it’s macro.

“It’s everybody doing what they can in a way that I think could ultimately make about the most compelling case for capitalism that we’ve seen in our lifetimes.”

At work, I figured we might see a slow down, given the numbers of closings due to the panic. However we have seen an increase in commercial business. Many manufacturers from raw materials through finished products are using this downtime to re-tool and repair. If the panic is over with by mid-summer, things should be primed to come roaring back.