Amazon and Instacart drivers’ may go on a strike

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Amazon and Instacart drivers’ may go on a strike
Tama66 / Pixabay

New Consensus Statement on the Need for Wartime Economic Mobilization

WASHINGTON, DC — New Consensus Executive Director Demond Drummer released the following statement in response to news that prices of some commodities have already tripled, and that Amazon and Instacart drivers have announced their intention to strike:

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“Since this crisis began, New Consensus has been urging supply-side measures in addition to the sorely-needed demand-side measures we have begun taking. If we fail to act, we risk not only more death and debilitation, but also the nullification of our demand-side measures themselves by inflating the prices of scarce goods and services.

“Now it has been announced that prices for foodstuffs and some other commodities have doubled or tripled in recent days, and Amazon and Instacart drivers have announced an intention to strike. In short, both production and distribution capacity are now shrinking. We urge the White House and Congress to get serious about mobilizing production and distribution capacity.

“We have been here before, during our two world wars, and we took bold action. The Coronavirus is a far more lethal invader of our shores and interior than any wartime enemy has been in our nation's history. It is time that we treated it as such.”


New Consensus is a new think tank emerging from the movement that recruited and supported Alexandria Ocasio-Cortez and other young new leaders in Congress. As organizers, we have shaped the sweeping policy agenda of this exciting moment -- in which nearly all major 2020 presidential candidates have endorsed the Green New Deal.

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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