The Economic Stakes!

The truth is that the other day we learned about a round-table that was hosted by President Trump. Restaurant Executives and Industry / Business leaders were invited to attend, provide their thoughts to have open discussions with relation to the Coronavirus, and re-opening the economy. The round-table discussion reminded me of the scenes from The Spanish Princess T. V. series. Members, landlords of the Kings court would gather for discussions, important matters, that affected family, public orders, and the business of the day. Every member did not hold the same view or opinion, neither was it clear that each and every member was loyal or not. Questioning the loyalty of some, where there were also instances of discussions surrounding betrayal.

In a similar way we can think about discussions such as these where everyone gets a chance to speak, have their views heard. Simply because the coronavirus has taken a toll on many sectors, with a special focus upon the economy. President Trump and his administration are always pleased with the economic growth that has happened especially during the Trump presidency. This is good to hear, a flourishing, healthy economy is beneficial to all, and increases public morale. However, what we have to understand is that an economy does not grow alone. Economy is a concept. A collective of many items, make-up the entire economy. Even if a President touts the growth of an economy – he is really speaking for all the members who take part with the growth of the economy. For example: If we think about the New York Stock Exchange; the famed / historic market floor is the epicenter for world-wide trade. Where as today we are asked to stay-at-home. Simply put: success happens because of interconnections, relations that are formed.

a flourishing, healthy economy is beneficial to all, and increases public morale. #ShaziaBlog #Quote #ReopeningAmerica #Coronavirus

A round-table discussion that creates a focus group, with Government leaders, involving federal stake-holders such as business / industry leaders should take place. Government’s realize that these are the very people who have a stake in the health, and well-being of the nation’s economy. Even if Governments desire to control and limit actions of the very stake-holders who might have been sitting at the round-table discussion forum. Governments know that the business stake-holders revenues increases as the economy increases. But should this be a pivotal focus point? Business leaders know that they have rights, responsibilities, and what they must adhere to as well.

Even as Governments recognize the value of economic contributors, there is of course the human emotion of jealousy and greed that come to play. But emotions such as these arise to control and limit, and should also be contained. From the recognition that each contributor is a valuable member. A contributor to the nations economy. A job provider. A member that assists to feed families. Raise families through the provision of jobs. Which inevitably form the employment / unemployment rates.

contributor is a valuable member. A contributor to the nations economy. A job provider. A member that assists to feed families. Raise families through the provision of jobs. #ShaziaBlog #Quote #ReopeningAmerica #Coronavirus

So what is the conclusive point? We can be patriotic – love our nation / county. But having an opposing / differing view within a nation should not be viewed as unpatriotic, but rather the discomfort – a mechanism to push forth processes, and discussions for betterments. Please also note that in my view this thought is valid within this context only. Especially because infectious disease is also connected to national / international security, where Governments also possess a responsibility to protect the economic stakeholders, who are vital and key to American success – national and international, with the re-emerging and re-opening of America.

However, significant economic stakeholders especially the restaurant sector leaders feel a sense of angst and unfair treatment. As they did not receive any Government assistance, or possess the ability to access programs available through the Coronavirus relief efforts. Sending an implicit message of – you’ve got to handle this now, but should this be the case? Not necessarily, health officials also recognize: “the broader-ranging impact of infectious diseases on trade, economic development, political stability, and international relations. Several elaborated on this in describing the indirect impact on jobs, productivity, and military force protection” (Cecchine& Moore2006, pp. 2). Thus, healthy people also produce a healthy economy. If Governments consider economic stakeholders vital for America’s success, then they should also be there for them in times of economic downturns. Especially in this case of the Coronavirus pandemic, where the case of bio-terrorism is open to question.

If Governments consider economic stakeholders vital for America’s success, then they should also be there for them in times of economic downturns. #ShaziaBlog #Quote #ReopeningAmerica #Coronavirus

Summary Points:

  • The effect of the Coronavirus has threatened the security of a nations, and therefore threatened the security of economic stakeholders.
  • Economic stakeholders are key contributors to the collective good of a nation.
  • Government has a responsibility to protect but to also work proactively and thoughtfully on a path to restoring – including the building of public confidence and trust. 
  • Government should recognize industry leaders / Federal Stakeholders as partners, especially in times of crisis such as the Coronavirus impacts.
  • A country is like a home, there needs to be open discussion especially when there are various stakeholders involved. Sometimes this means putting aside particular political affiliations / party preference, and think about what is best for a nation. Collectivlety listen gather thoughts. And understand that the common good of a nation is what the essenatial uniting point is. 

Government should recognize industry leaders / Federal Stakeholders as partners, especially in times of crisis such as the Coronavirus impacts. #ShaziaBlog #Quote #ReopeningAmerica #Coronavirus

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THANK YOU!

I would like to take the time to thank everyone who participated during this roundtable discussion. This discussion is a wonderful example of leaderships from Government and Industry, who can sit down together, and have a face-to-face discussion, learning from each other. It is encouraging to see first-hand research to practice, where I remember a few years ago writing and reading upon this subject matter. If I can remember or can find the paper, I will certainly add to this blog post as well.

I particularly noted the gaps industry leaders found within the Paycheck Protection Program (PPP), and further agreed with industry leaders, that there must be revisions / additions to allow industry leaders who do not meet the criteria access. As businesses’ with larger revenues or sole proprietors are uniquely positioned where they must still pay employees, who could potentially benefit from this program.

I particularly noted the gaps industry leaders found within the Paycheck Protection Program (PPP), and further agreed with industry leaders #ShaziaBlog #Quote #ReopeningAmerica #Coronavirus


Notes: These thoughts were originally hand-written on May 20th 2020.

Reference: Cecchine, G., & Moore, M. (2006). Defining Information Needs: Interviews with Stakeholders. In Infectious Disease and National Security: Strategic Information Needs (pp. 29-38). Santa Monica, CA; Arlington, VA; Pittsburgh, PA: RAND Corporation. Retrieved May 21, 2020, from http://www.jstor.org/stable/10.7249/tr405osd.12

My Thoughts To Share With Love & Kindness! 🌹

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