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𝗣𝗮𝗶𝗱 𝗖𝗼𝘂𝗿𝘀𝗲 𝗙𝗥𝗘𝗘 (PART - 1)
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@daviefogarty Was wondering… how do you do grow a in an industry that refuses to change? It’s brick and mortar. It’s not a viral business but has repeat business because it’s regulated…
Trickle-down economics never had a fighting chance in a system designed to hoard rather than distribute. The COVID relief funds should have been an injection into the economy, a direct stimulus to keep small businesses afloat. Instead, they were debt—an ironic noose around the necks of those already suffocating. The logic was simple: give SMEs money, they pay their employees, suppliers stay in business, and the economy breathes. But that didn’t happen.
Instead, the money was funneled through intermediaries—corporate players and financial institutions that were never designed to prioritize economic recovery over their own interests. Tens of companies were given tenders to distribute funds, but they held onto them like a golden goose, letting interest pile up while SMEs crumbled. Treasury had to step in and demand the money back. Not because it had been used, but because it had been hoarded.
And the banks? They acted as though COVID was a standard business cycle. They demanded cash flow from businesses whose cash flow had been wiped out. They asked for proof of stability from those on the brink of collapse. This wasn’t an economic intervention; it was a filtration system, ensuring only those who never really needed help got through.
Trickle-down economics didn’t fail here—it was never even given the opportunity to work. The model assumes that money flows when given to those at the top. But this was proof that in a system built to favor accumulation over circulation, the only thing that trickled down was the burden.