It’s official: China’s economy is faltering, Which Equates to The Global Economy DEFLATING – Have we officially entered the Austerity Era? (ESG is Fascist) – July 17, 2023,
Countries the United States used to call Socialist in many ways now have smaller governments than America. Socialism is becoming just a word, as Big Government REGULATIONS of private property are in many ways competitive with socialists who push NATIONALIZATION of profitable private property as their end goal.
Why communism failed is that it turns out that Big government is actually WORSE than a monarchy. monarchy as long as you don’t threaten the well-being of the monarch, typically you’ll be left alone; with communism, it’s the equivalent of a monarchy being set up in every single segment of society, nit-picking at anything productive.
Are you using the wrong WORDS, the commies will send their goons to come to get you; are you polluting the environment? Communist goons will come to get you. Are you making a profit deemed unacceptable by the Communist regime, the commies will come and get you.
So under communism, humans become LESS productive, and they’re fearful of the ATTENTION their efficiency might attract. Socialism predates Communism, and it’s more natural to humans because if let’s imagine for a second that I’m wealthy and you’re not, and I’m the minority and you’re part of the majority, we may both agree that I should do more to help society as a whole, but then a problem occurs, and that problem is that some people will NOT contribute anything to society and the productive or wealthy MINORITY in that society will be FORCED to subsidize other people’s laziness.
This will obviously lead to the PRODUCTIVE or wealthy people leaving or opting out of that society, which is the main reason why socialist countries eventually become hellholes.
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Enter CENTRAL BANKING, Fiat Money, The U.S. Dollar, and Government OVER-Regulation
Currently, Joe Biden is the President of the United States, and he has engaged in a massive Government REGULATION campaign, declaring war on the EFFICIENCY of fossil fuels to produce cheap reliable energy. Now this would be bad during ANY era, but prior to Join Biden, former U.S. Presidents engaged in their own OVER REGULATION campaign.
Now the truth is the U.S. economy should have CRASHED and BURNED a long time ago; however, the STRENGTH, confidence, and perceived value of the U.S. dollar still remains STRONG!
Rule by Fiat money has helped the governments of China and the U.S. grow tremendously a has allowed China to be the top manufacturer of the global economy, meaning the Chinese Communist Party has a stranglehold on THE MEANS OF PRODUCTION.
But the Chinese Communist Party has exposed LATE STAGE CAPITALISM as a viable option for lovers of Collectivism and Globalism because if the government completely takes over the means of production, destroying the MARKET, a slowdown is inevitable.
Environmental, social, and governance (ESG) is fascism but if you want to be politically correct, you could call it corporatism, either way it requires a BIG GOVERNMENT to make it work.
With ESG the concept is get EVERYONE aligned with what the Globalists in the ESG movement want done. I have to remind the readers that a lot of the CEOs in these large ESG corporations were hired and typically didn’t build from scratch the companies they’re representing.
There are a lot of FEMALE CEOs now, and women don’t always imagine EFFICIENCY as a good thing, instead opting to put social and environmental justice first. Not only to pick on women, a lot of the male CEOs inherited their wealth or were given these positions without ever learning how to build a company from scratch.
Acquisition Entrepreneurs are not REAL Entrepreneurs (What’s fueling ESG)
BACK IN THE DAY, Acquisition entrepreneurs were imagined to be SCUM or lazy entrepreneurs as they didn’t provide much value to the marketplace, buying a business in order to flip in the future. Nothing wrong or nothing ILLEGAL about doing this, but these types of FLIPPERS offer LITTLE to no value in the marketplace; often, they destroy businesses and suck out the capital.
Now, if there’s an ESG push and you have many of these Acquisition Entrepreneurs running the show, you can see why many of these AQUIRED businesses would be subservient to political folks who want to push an ESG agenda.
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If I’m buying to FLIP at a later date, “Sure stupid politician, I’ll do whatever you want, after sucking out all the capital for myself, I’ll be selling this silly business in a few months anyway” Once you comprehend how banking and cheap money has changed the business landscape, you get a clear picture as to why the global economy is DEFLATING.
Now with China, they own the means of production, which is good as long as the global economy doesn’t DEFLATE IF THE GLOBAL ECONOMY deflates, a lot of productive people will either have to take fewer wages or be fired.
I want to talk about PRICE CONTROLS, which include wage controls, but that would make this article longer than it needs to be, but basically, with government wage controls, PRICES can not deflate because the PRIVATE sector won’t be profitable. Government employee wages aren’t related to the market, so when government wages are artificially high, it’s easy for a government employee to imagine that the economy is doing great and get their statisticians to write FAVORABLE things about the economy, but if the Chinese economy is missing its targets, it’s a clear sign of economic DEFLATION.
The only ways to stop economic deflation is consumer price inflation or Austerity Measures. Now, obviously, governments prefer consumer price inflation. However, consumer price inflation is why in most undeveloped nations a lot of the people DO NOT WORK and are UNPRODUCTIVE because why should I work if the value of my fiat money is constantly losing its purchasing power?
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Most developed nations have generous welfare States, which means that as consumer prices continue to rise, more and more people will be incentivized NOT to work.
Interesting times ahead!