Some companies who are doing well – like supermarkets – did so because they did not hold the stocks required to face a crisis. We need to ask why
The reaction of the food distribution industry was outstanding……
Require that these companies be better prepared for crises in future
For example, supermarkets and PPE companies should hold more stock of critical and long shelf life items
What can we do?
One option is an excess profits tax – which we had from 1939 to 1945. There is good reason to think one might be needed – and to enact it now as a precautionary measure
So, we force, by law, people to hold more stock so that next crisis they can make more profits that we then tax off them?