New Business Paradigms on Capitalisms Coronavirus Crisis

Published: March 20, 2020, 7 p.m.

b'Recorded on March 18, 2020\\n\\nOn 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. \\xa0Rinaldo discusses how the United States is more closely following the frightening trajectory of countries like Italy \\u2013 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.\\xa0 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.\\xa0 In the absence of a concentrated government response individuals and smaller jurisdictions are taking their health in their own hands \\u2013 by following Public Health guidelines, self-isolating as much as possible by staying at home, washing hands, and practicing social distancing.\\xa0 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.\\n\\nThe second half of the show focuses on steps that can help revitalize the stalled economy.\\xa0 A short discussion about the state of the economy and economic indicators leads to Rinaldo\\u2019s analysis of the stimulus package passed by the Senate and some other steps to help businesses adapt.\\xa0\\xa0 Here\\u2019s one: bail out small businesses and consumers, not the corporations \\u2013 the big hotel chains don\\u2019t need the money \\u2013 but their housekeepers and serving staff certainly do.\\xa0 Watch to learn about more and as always\\u2026 buy gold!'