Ever since FDR’s New Deal initiative, Democrats have gathered electoral support through the distribution of federal program dollars. They justify their spending by saying it is done to pursue “social justice” and “fairness.” The great political value of these concepts is that they are open-ended; they do not imply, nor do they allow, any limits.
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Before COVID-19, the leaders of a corporation would be looking at where and who to cut to get back on track in Q3 and...