When liquidity is flushed indiscriminately into the financial system, it inflates bubbles, generating new risks and outsize gains for those with substantial portfolios. While tens of millions of struggled through the crisis, trillions of dollars piled up in the balance sheets of the wealthy. In giving us a glimpse of financial freedom, 2020 also robbed us of pretenses and excuses. If we are not doing a global vaccine plan, it is not for lack of funds. It is because indifference, or selfish calculation — vaccinate America first — or real technical obstacles prevent us from “actually” doing it.

Source: International New York Times September 01, 2021 10:41 UTC