I personally found the direction the planet was headed towards weird, namely the perceived power of diversity, equity, and inclusion (DEI). One of the problems I have with the modern world is the FINANCIAL sector, which is over-valued primarily because of decades of Zero Interest rate policy.
Entities that actually build things have been taking a backseat to Socialist Buzz words since around the time Barack Obama became president. Now, before you conclude this is a post bashing Barack Obama; we have to discuss the damage Donald Trump has had on the FINANCIAL markets.
Donald Trumps economy was doing better in comparison to Barack Obama’s economy, namely when Trump cut regulations, however, Donald Trump does not believe in Austerity measures, so although he cut regulations, and cut taxes, he fought to keep interest rates low, which allowed the stock market to balloon, and helped to enrich not only diversity, equity, and inclusion (DEI),but also Environmental, social, and governance (ESG).
Now that these entities have unimaginable wealth, they’ve decided to use their money to push their own agendas, which has turned the Western world into a place of utter economic confusion.
With that said, Asian countries, for the most part, control the means of production. Japan might look like it’s having money problems, but it’s actually providing WELFARE to the Western world. China, also provides WELFARE for the Western world, and in my opinion, all the manufacturing countries have found themselves in a position of manufacturing dominance, meaning that they don’t even have to make announcements or speeches, they can merely WITHDRAW support when they feel like it.
The China strategy is that their manufacturers meet the demands of the market and IGNORE western politics, playing both sides of the political debates. With the cheapening of the U.S. dollar and other western currencies, Asian manufacturers are in a position to PRINT US dollars whenever they feel like it.
It’s not to say that these socialist buzzwords like DEI and ESG won’t still be popular in Western nations, but the damage they cause will be felt only in Western nations that employ them.
Even though Toyota has pulled DIRECT financial support for DEI, it doesn’t mean that whenever it needs to USE DEI to its advantage, it won’t. ESG and DEI are both forms of CENSORSHIP. If you believe in ESG, fossil fuels are BAD, if you believe in DEI, nothing Black people do to themselves is bad, because according to DEI it’s the white mans fault and systematic racism is why some black people do stupid things.
So DEI and ESG serve to push a CENSORSHIP agenda. Once you comprehend that this revolves around CENSORSHIP, you’ll get a better idea that INNOVATION, in the western world is dying, because for example if you can only innovate within the guidelines of the “ruling classes” economic censorship will be the end result.
Meaning that the Japanese economic model in which their corporate welfare revolved around protecting manufacturing, will benefit them in this new ESG, DEI created world.