The Market and the Invisible Hand of Coronavirus, By Bunmi Fatoye-Matory - Premium Times Opinion

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 62 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 78%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Opinion: The Market and the Invisible Hand of Coronavirus, By Bunmi Fatoye-Matory

Coronavirus, which causes COVID-19, probably has never heard of this invisible hand theory. In fact, scientists say the virus is not even a living thing. Yet, it has become a real invisible hand affecting the market, controlling the forces of demand and supply, skewing them this way and that, rewarding some beyond imagination, and leveling others to the point of destruction.The Wealth of Nations

During this COVID era, however, the preference has been for ordering food from casual and fast food restaurants, which is perhaps consumed in unfashionable house wear peculiar to housebound people. All the rituals of fine dining do not fit this COVID moment. Fine dining fares are not suitable for home delivery, with their artfully-designed and arranged meals, which are only fit to be displayed in decorated gustatory theatres with stars after their names.

This is not unlike aale in Yorubaland. Anyone who grew up in Yoruba towns and villages knew not to touch the fruits of a tree on which certain mysterious objects were dangling. There was no mistaken what the intention of the owner was. It is generally understood that stealing anything on which aale was placed was to invite disaster and misfortune on one’s head. The Japanese version worked for Mink Itachibe.

A dear friend in Cambridge, Massachusetts, a scholar, furnished his home solely with the furniture he retrieved from the sidewalk, where they had been discarded to be picked up as trash by the city. Refrigerators, freezers and household utensils are regularly discarded because new ones are affordable enough to enable this kind of waste.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market gains N15bn on MTNN price rallyThe market capitalisation of listed equities inched higher by N15 billion or 0.12 per cent to N12.679 trillion from N12.664 trillion achieved on Thursday.
Источник: PremiumTimesng - 🏆 3. / 78 Прочитайте больше »

Rotary Club Of Lagos Donates Mini-water Plant To Sandgrouse MarketNigeria News, Nigeria Newspapers
Источник: LeadershipNGA - 🏆 4. / 77 Прочитайте больше »

Equities market records N786.7m cap declineThe equities market of the Nigerian Stock Exchange (NSE) recorded a moderate loss of 1bp to close at 24,276.56 due to sell-offs in Intbrew (-8.9percent), FBNH (-0.9percent) and Access (-0.8percent)…
Источник: Daily Trust - 🏆 13. / 51 Прочитайте больше »