America’s Wealth Gap Grows In The Post-COVID-19, K-Shaped Economic Recovery

Week 27 of the Quarantine

SAN MARTIN, ARGENTINA – “It feels like the world has changed so much. Just in the last six months. We’ll get home, but it won’t feel like home anymore.”

Thus spake the distaff half of the household, looking ahead to November. We’ve been holed up here in the Calchaquí Valley in Argentina for the last six months. We’re now hoping to get home to Baltimore for Thanksgiving.

“I wonder what it’s going to be like. We’ve been away from civilization for so long, we’ll probably feel out-of-joint… or out of time. People will all be wearing face masks. Do they still shake hands? Do they still kiss each other on the cheek?

“And the election will be just over. It could be a madhouse… Or a whole new world.”

Illusion of Progress

Here at the Diary, we do not believe in “progress”. We don’t like gadgets or time wasters. We have no use for most new apps or electronic entertainment. It’s a nuisance when our computer automatically updates. Most of the electronic gear now built into autos and houses is a waste of time and money.

We look back half a century at all the “progress” that has happened. Are we better off? Are we happier? Are we better people? Is what we see more fetching? Is what we eat tastier? Is what we hear and read wiser… or more truthful?

No, Dear Reader, the challenges are the same today as they were half a century ago – to separate truth from lies… beauty from ugliness… and Heaven from Hell.

Profound Change

But while “progress” is mostly an illusion, we don’t deny that things change.

Underway, since at least the beginning of the 21st century, is a profound change. The U.S. economy – grown rich and powerful on fossil fuels, the internal combustion engine, and the principles of free trade, free enterprise, and free movement – is metamorphosing into something new… perhaps beautiful, perhaps hideous.

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