American Economy or Global Economy And Covid Pandemic

The global economy Or American Economy has suffered immense damage due to the pandemic covid 19. Before covid 19 global economy still suffered with pandemic economic policies. The global economy or American Economy cannot recover with the existing baggage of economic thoughts and prescriptions in the possession of economists including Nobel Laureates.
The Economics talked about by Economists, Policy Makers, and Politicians is anything but economics. What is talked about as economics is collecting taxes, increasing government borrowings, fiscal stimulus, and saving adventurous banks. But this talk is anything but economics as it is simply reallocation of monetary resources. Economists with influence give scant regard to the power of consumer and the truth that value is subjective. Austrian economists give importance to consumer or the individual and recognise value as subjective. But Austrian economists are condemned. So, the Economists in favour with Governments with their influence, policies, and prescriptions ruin the economy.
Just as men or women are born and they die so too businesses are born and they die. Businesses die when consumers don't want their product or service. If businesses can't be saved how can you save jobs? Jobs are incidental to any business and are not an end in themselves (Sadly economists don't recognise this fundamental truth and talk of employment, or full employment as an end in themselves). Capitalism is closest to human nature. Genuine capitalism where businesses can be started and closed without any restrictions is the need of the hour. Instead, what we see is saving of adventurous banks and financial institutions by the governments in the name of capitalism. Economists and the Governments fail to see that money is a means to an end and not an end in itself. Money is a medium of exchange for real business and not for derivatives and speculation.

Since America is taken as a role model for capitalism, it can be used as an example to illustrate the sorry state of Americans today.
Fractional Reserve Banking which enables creation of money out of nothing and increases money supply with no relevance to the real economy gives easy money to Goldman Sachs, Citi Bank and their likes to indulge in mindless speculation and ruin the economy as it happened in 2008. When a Goldman Sachs, Citi Bank and their likes are saved with Government money it increases the money supply only( Economists including Nobel Laureates don't recognise the harm of fractional reserve banking and creation of money out of nothing).
The vice like grip of investment bankers and stock market on business enterprises in USA  have made management focus on profits than the local economy. Add to this influence of Trade Unions, American businesses have merged, outsourced their production and destroyed American jobs. This action in the American economy has inadvertently delivered economic power and dollars to China which wags its tail now.
Post Covid 19 economic policies in the USA should have no Goldman Sachs and its likes. Banks should be full reserve banking. No derivatives. No options. No financial engineering that an ordinary American can't understand. No investment of pension funds in speculative stock market but in government securities only. All products consumed by Americans should be produced or assembled in USA. Economists and Policy Makers should know that income disparity has increased because manufacturing intensity has decreased.
There are only two genuine comparative advantage for any country. One raw material and two Nature (waterfalls, rivers etc.). Period.

America was used as example to illustrate the point. What is applicable to USA is applicable to every other country.