New Business Paradigms on Capitalism’s Coronavirus Crisis

New Business Paradigms - World Business Academy

Recorded on March 18, 2020 On this episode of New Business Paradigms, Chief of Staff Kristy Jansen and Academy President and Founder Rinaldo Brutoco discuss the global fallout from the Covid-19 (novel coronavirus) and the downside of the sluggish response by the U.S. government. Rinaldo discusses how the United States is more closely following the frightening trajectory of countries like Italy – which has now become the country with the highest death count from the Coivd-19 disease, largely due to the rapid increase in cases which slammed the hospital system there. In comparison, several other countries that have done better at preventing the spread of the virus, such as South Korea, have been able to roll-out massive testing for the disease. In the absence of a concentrated government response individuals and smaller jurisdictions are taking their health in their own hands – by following Public Health guidelines, self-isolating as much as possible by staying at home, washing hands, and practicing social distancing. Rinaldo gives his thoughts on how the federal government can respond more effectively, including mobilizing the business world to help with shortages of medical supplies like ventilators. The second half of the show focuses on steps that can help revitalize the stalled economy. A short discussion about the state of the economy and economic indicators leads to Rinaldo’s analysis of the stimulus package passed by the Senate and some other steps to help businesses adapt. Here’s one: bail out small businesses and consumers, not the corporations – the big hotel chains don’t need the money – but their housekeepers and serving staff certainly do. Watch to learn about more and as always… buy gold!