An article expanding on the wealth transfer allowed by the reaction to the virus from China --
" .... The oligarchic class now owns as much as 50% of world’s assets. Just five companies—Alphabet, Amazon, Apple, Facebook, and Microsoft—account for over 20% of the market capitalization of the entire S&P 500 index.
Today’s new oligarchs constitute a modern-day equivalent of the Medieval aristocracy. Like the barbarians who seized control of land during the demise of Rome, they seem well-positioned to benefit from the emerging social distance-driven recession. The dislocation caused by the pandemic has greatly expanded the financial assets of the country’s increasingly hegemonic giant banks. But the biggest long-term winners are the big tech firms that dominate digital pathways at a time when the analog world, already failing, now faces inexorable obliteration...."
The Pandemic Road to Serfdom