China, Wallstreet, Amazon, Microsoft got richer. US Corporations - bankrupt.

[sygn]

So I read some things recently, that completely baffled me & completely changed my perspective.
It's not "Corporations versus the little guy",
it's "China, Wallstreet, Google, FB, Apple, Amazon versus local corporations/businesses."

Is it true or pre-election propaganda?
Alternatively: Have I understood correctly?






===============
Quotes from my main sources

"China plans to reshape the world.
It's the same attitude the world has seen from the US tech titans,
most prominently Google and Facebook, but also Apple and Amazon. The four have pioneered "a new kind of corporate extremism" that no other US company could have got away with."

https://www.smh.com.au/politics/fede...24-p54n3c.html


"Wall Street have been steering investments into China. And when Chinese companies like Alibaba want to be listed on the American Stock ExchangeThey also make a fortune with underwriting fees to help them."

https://www.youtube.com/watch?v=2-oUixT_wBM&t=120s

 

[sygn]

AND INDEED, CHINESE INVESTORS, WALL STREET, JEFF BEZOS AND BILL GATES ARE GETTING RICHER THAN EVER!


"The US economy has not been shut down .
Walmart, Costco's, Amazon are open for business and are doing better than ever. Wall Street people financiers they're still making tons of money.
What are shut down are small businesses, the backbone of America."
Curtis Ellis: https://www.youtube.com/watch?v=vGuvDFqa_a8&t=41s


Billionaire Pandemic Profiteers
Net worth surged by over $1 billion for:
1. Jeff Bezos, Amazon CEO: up $10 billion ($25 billion as of April 15, 2020)
3. MacKenzie Bezos: up $3.5 billion (and up $8.6 billion as of April 15, 2020)
2. Elon Musk, 4. Eric Yuan 5. Steve Ballmer, Microsoft CEO: up $2.2 billion
6. John Albert Sobrato, Silicon Valley 7. Joshua Harris 8. Rocco Commisso
https://inequality.org/wp-content/up...0-April-21.pdf
https://peoplesworld.org/article/pan...ronavirus-hit/


Banks profitted $10 Billion In Fees from Small Business Rescue
"The banks that were the largest recipients of bailout cash in the last recession have also done well.Banks handling the government's $349 billion loan program for small businesses made more than $10 billion in fees — even as tens of thousands of small businesses were shut out of the program.
https://www.npr.org/2020/04/22/84067...illion-in-fees

The Gates foundation sold off some bad holding and bought a few more pharma, not just gilead- they’re diversified. Also shares in The Mexico investment Fund’s