Current Covid-19 might have triggered the economic crisis, but it was caused by the same old GREED. For example, Manhattan apartments were leased by dozens by a select few (many didn’t even live in this country, but managed remotely with the help of a housekeeper) and rented out on room per night basis via AirBnB and such apps. This led to Manhattan apartments being out of reach for many middle class people, who subsequently had to move out elsewhere. Cut to April 2020, after the lockdown for a month and no travel in sight, all these apartments are empty and ghosted; rent default looms. This might not make big news, but it is symptomatic. Pretty much like this iconic scene from “The Big Short”

How rules were ignored/bent to allow people/groups to rent dozens of apartments and sell it on per night basis? Usual suspects – nexus of old money, new money, influencers and shortsighted politicians all coming together to create a cacophony that would drown the shouts of real sufferers.

This is just a random example. Similar examples are aplenty in many spheres. Public Policy should not be based or influenced by greed. Common sense solutions, anyone?