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Tyler Cowen

Big Business Is Helping America Survive the Coronavirus

Americans have lost their trust in government, and large corporations have the resources to respond.

Retail first responders.

Retail first responders.

Photographer: Patrick T. Fallon/Bloomberg

When President Donald Trump called several U.S. CEOs to the microphone at his coronavirus press conference last week, it was more than just symbolic. Whether Americans like it or not, Covid-19 is ushering in an era when big business will be more important than ever.

As people start reacting to Covid-19, they are looking mostly to the larger businesses for assistance. Costco and Walmart are packed. Amazon and UPS are delivering our packages. For entertainment at home, Americans are relying on Netflix and the cable companies. For information on Covid-19, Twitter is a very useful stop. As hospitals become overcrowded, CVS and Rite Aid may become important as local health centers and sources of community information.