Summary of Carol Roth's The War on Small Business

By IRB Media

Get the Summary of Carol Roth's The War on Small Business in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: In The War on Small Business, entrepreneur Carol Roth unveils the many abuses of power inflicted on small businesses during the COVID-19 pandemic. Small business owners were thrown in jail for trying to make a living. Individual rights were discarded. Big government did what it does best—intentionally protect the rich and powerful.

This is the most underreported story coming out of the pandemic. The government chose winners and losers, who would thrive and who would fight to survive, based on not data or science, but based on clout and connections. This enabled the government, with the aid of the Federal Reserve, to oversee the largest wealth transfer in history from Main Street to Wall Street. The issues started long ago and continue today with a highly tilted playing field that favors those “in the club” to the detriment of the average Americans.

• Language: English
• Publisher: IRB Media
• Release date: Dec 9, 2021
• ISBN: 9781669343271

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Carol Roth's The War on Small Business

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 1

#1

A black swan is a term used in finance to describe an extremely major and unexpected event. In the case of the pandemic, America’s government response was a black swan.

#2

The government’s response to the virus was extremely flawed, with no clear plan and little thought put into how it would affect regular people.

#3

Small businesses and individuals were struggling to survive the COVID-19 pandemic, but the second quarter earnings cycle of 2020 showed blow-away numbers for large companies such as Amazon and Facebook.

#4

The government’s actions, and the economic damage they caused, was foreseeable, as it was just another part of a long-standing campaign against small businesses and those too small to matter.

Insights from Chapter 2

#1

The US economy was looking good, with the stock market having reached all-time high, and the US unemployment rate at 3. 5 percent, the lowest in almost forty years.

#2

As Trump was tweeting his support for Xi, Senator Scott publicly urged the president and his administration to declare the Coronavirus a public health emergency.

#3

While the US government was not taking action, in South Korea, government officials were meeting with top industry executives and medical experts to put together a plan of action.

#4

While the American economy seemed to be slowing down, the markets were still optimistic, as they were being fed false information from the White House.

#5

The stock market took a hit on January 31, when it was revealed that the virus was not only spreading, but also had the potential to seriously affect China’s economy.

#6

On February 3, the Chinese stock