[mariodiana]

Thank you. I don't think I was being careful in my phrasing. By capital, I'm referring to the actual machinery and so forth used for production. Also, I expanded on that idea (as I noted) by including transportation, considering transportation to be, broadly speaking, involved with production and contributing to its cost.

But, as your question points out, I'm not really talking about destruction so much as I am about capital lying fallow for an extended period, and the chain of production—which endeavors to work as a well-oiled machine—being disrupted. My central point is that our ability to produce was greatly curtailed, resulting in less goods and services available.

Finally, I'm not quite sure what you mean by "who" and "why." I'm not pushing some kind of conspiracy theory. I'm just making observations of what has happened.

[voldacar]

So by capital destruction you're referring to shutting down large sectors of the economy due to the coronavirus? Or was this already taking place before 2020?

I didn't think you were referring to a conspiracy. I just didn't know what you meant, since if you have capital, it's not really rational to destroy it

[mariodiana]

Right. But, more than that, I'm talking about the fallout of shutting things down—of breaking the chain of production—and then the difficulty of starting things up again.

I was horrified when things got shut down. Even when I originally bought into "two weeks to slow the spread" and believed it was only going to be for two weeks, I was concerned that a global, advanced division-of-labor economy cannot be switched on and off like a lightbulb.