Friday, May 6, 2022

The Real Black Swan of 2020: The Assault on Small Business

Most people believe the coronavirus was a Black Swan, an unexpected event of large magnitude with unprecedented consequences. But Nassim Nicholas Taleb, who coined that metaphor, disagrees. Coronaviruses were well known, though the SARS-CoV-2 strain that hit humans was new. And the pandemic wasnt unexpected. Experts had been warning of one Рthough not of the coronavirus per se Рfor some years. In 2019, the government had even conducted months-long pandemic preparation drills. Talebs annoyance is at the diminution of his coinage to a clich̩.

There was, however, a real Black Swan event in 2020, says Carol Roth in her book The War on Small Business: How the Government Used the Pandemic to Crush the Backbone of America. It was the U.S. governments reaction to the pandemic – with unprecedented decisions and a lockdown that forced people to stop working and doing business for months on end. The pandemic became a pretext for a politically motivated campaign against small businesses and individuals to hasten the consolidation of power in Big Business, Big Tech, and Big Government. That