Financial Chaos

Students at the University of Miami have filed a class action lawsuit claiming they have paid for in-person courses at a higher rate and, with online instruction, they aren’t getting what they paid for this semester. Students at Drexel University in Pennsylvania have filed a similar suit asking for tuition refunds. In Israel no one is asking for refunds - yet.

The online teaching through ZOOM is definitely not the real thing. It takes much effort to prepare the classes because the students prefer to watch unseen (I presume they are watching, probably not) and ask no questions. And the classes are recorded and downloaded and probably circulated. 

The financial world is in chaos. The Central Banks of all the countries are buying their own bonds, and also stocks. They have to do it because the pensions are based on stocks hedge funds. Already much of the financial assets are owned by the State, which assumes large debts to buy and stabilize the markets. I imagine that much of the stocks are also owned by the State, meaning a silent nationalization or expropriation of the industrial and other companies. Just as Marx predicted, Capitalism leads to the social ownership of the means of production, which is the definition of Socialism. 

But definitions are unimportant, there is no economic activity without the permitting of the State, limiting the concept of "ownership" to a fiction.