Trump and Wall Street Want to Send Us Back to Work. They Don’t Care If We Die of Coronavirus.

Because self-isolation hurts corporate profits, billionaires are calling to end the too-limited public health measures taken so far by the US government. Unless we take action, Trump might heed their advice — and enormous numbers of people could die as a result.

White House Coronavirus Task Force Holds Daily Briefing

US president Donald Trump speaks at the daily coronavirus briefing in the James Brady Press Briefing Room at the White House on March 22, 2020 in Washington, DC.Tasos Katopodis / Getty


Last week, the Wall Street Journal editorial board argued for quickly lifting social-distancing health measures because these were hurting “the economy” — i.e., corporate profits. On Sunday, Goldman Sachs chairman Lloyd Blankfein echoed this call. And now it appears that the White House may be willing to heed their advice: On Sunday evening, President Trump announced that he’ll soon consider lifting our country’s already inadequate social-distancing measures.

It’s hard to imagine a starker illustration of the contradiction between public health needs and capitalist profit-making. The US government’s too-delayed, too-limited response to the coronavirus potentially put millions of lives at risk. For weeks, Trump downplayed the virus and delayed taking action because he didn’t want to take any measures that might disrupt the economy. As the New York Times reports, “only when the disruption came anyway, in the form of a historic stock market sell-off, was he convinced to act.”

Those delays have cost countless lives. We have now reached the point where, according to some experts, only a five-week national lockdown can avoid a public health catastrophe. Yet the Wall Street Journal and the Lloyd Blankfeins of the world are proposing the exact opposite: ending lockdowns rather than extending them. Even the limited governmental measures taken so far are apparently too much for Wall Street to stomach.

This article is for subscribers only. Please login or subscribe to access our full archives and beautiful print and digital magazine starting at just $3 a month.