Alec Hogg: Covid’s made the rich even richer, including in SA

Despite what dramatists would have us believe, 90% of mankind's errors stem from incompetence with only one in ten through deliberate action. But when consequences benefit an easily identified group, our minds easily conclude dark forces were at work..Read more: Alec Hogg: Investing in pet ownership boom.Once we all calm down sufficiently to properly assess 2020, expect an abundance of conspiracy theories. Because when considered with hindsight, government implementation of lockdowns, their massive borrowing and now obligatory vaccines will appear designed to benefit an elite. As Kevin Lings's graph above shows, while the finances of millions were smashed last year, the rich grew ever wealthier..___STEADY_PAYWALL___.Read more: Alec Hogg: Message from new Credit Suisse cockroaches.Rational thinkers like actuary Nick Hudson of PANDA, keep telling us that contrary to the marketing, Covid-19 is not an existential threat. The vast majority of mankind who get infected don't even know they've had it. In the UK, which has the most reliable data, the median age of those killed by the virus is 82 (see below). SA's life expectancy is 64..With hindsight, the logical approach would have been to protect the small slice of society that are mortally vulnerable to this coronavirus. Instead, blanket lockdowns to protect those who did not need it, created fear and destroyed livlihoods. Incompetence delivers unintended consequences. What a pity nobody considered FDR's warning that "The only thing we have to fear is….fear itself.".For your listening and viewing pleasure….Latest audio on BizNewsRadio.com (click on the link to access) –.BPH: Purple's Charles Savage; Chris Logan on Cartrack; David Frost on Augusta and wine; KooksFB: YouTube scraps controversial videos; Purple Group excels; Tanzania's new Covid-19 stanceSbu Shabalala on Volaris offer to buyout Adapt ITPeter Major unpacks Anglo American announcement to separate coal mines into new business.Latest videos on BizNews TV… (subscribe on YouTube and daily at 5:30pm get to see all the studio action of BizNews Power Hour).MORE corruption uncovered at EskomPaul O'Sullivan speaks openly about his experience with corruption in SA'There's something fundamentally WRONG with investment banking industry' – Steven Nathan

Alec Hogg: Covid’s made the rich even richer, including in SA

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