Apparently, the shortage in this country is because our Federal Government has failed to step in, declare an emergency, and immediately regulate the trade in masks as well as banning their export:
At one point he received an update that 43 million masks were available in New Jersey, in the same time-frame that federal and state leaders were saying in press conferences that they were "scouring the globe" for masks. But the masks in New Jersey, along with many million more, didn't go to any domestic buyer. Instead, according to the broker, they were all purchased by foreign buyers.
"Most of the masks are leaving the country," he told me.
Capitalism is the best economic system, hands down. But it is a terrible social system.By the end of the day, roughly 280 million masks from warehouses around the U.S. had been purchased by foreign buyers and were earmarked to leave the country, according to the broker - and that was in one day.
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