This Politico article suggests that Jared Kushner is invested in pandemic related manufacturing and supply chain, while he takes an active role in managing FeMA. That is illegal – he is supposed to divest. But more than that, it sounds like they are rapidly setting up companies to take over. https://www.politico.com/news/2020/04/01/jared-kushner-coronavirus-response-160553
There’s a conflict between the private sector seeking to prolong disease and the public sector wishing not to be overburdened with services for the old.
Yet the crux of the issue may be elsewhere.
If lockdown takes down part of unproductive work, this can eventually imply a higher rate of profit. It may be no coincidence that it’s UK news & science that provide the narrative for a virus that’s ‘not so lethal, with half the population already infected’ – considering the importance of the financial sector there.
Not that ‘financial services’ in themselves attack the profit rate (interest rates are low), but how do banks and hedge funds and such make a living nowadays ? Well, speculating in commodities, for instance. With high costs of inputs, manufacturing is not pleased.
Defense.gov News Photo 110426-A-7597S-183: U.S. Special Operations service members with Special Operations Task Force South board two UH-60 Black Hawk helicopters following a clearing operation in Panjwa'i district in Kandahar province, Afghanistan, on April 25, 2011. Source: Wikimedia.
FYI – it is illegal for government staff to have financial holdings with conflict of interest. This is widely enforced on low level staff at government agencies. Here at FDA, they have a list of companies that no staff can hold stock in, including secretaries https://www.fda.gov/about-fda/ethics/fact-sheet-prohibited-financial-interests-fda-employees
This Politico article suggests that Jared Kushner is invested in pandemic related manufacturing and supply chain, while he takes an active role in managing FeMA. That is illegal – he is supposed to divest. But more than that, it sounds like they are rapidly setting up companies to take over. https://www.politico.com/news/2020/04/01/jared-kushner-coronavirus-response-160553
There’s a conflict between the private sector seeking to prolong disease and the public sector wishing not to be overburdened with services for the old.
Yet the crux of the issue may be elsewhere.
If lockdown takes down part of unproductive work, this can eventually imply a higher rate of profit. It may be no coincidence that it’s UK news & science that provide the narrative for a virus that’s ‘not so lethal, with half the population already infected’ – considering the importance of the financial sector there.
Not that ‘financial services’ in themselves attack the profit rate (interest rates are low), but how do banks and hedge funds and such make a living nowadays ? Well, speculating in commodities, for instance. With high costs of inputs, manufacturing is not pleased.