Fiscal Policy vs. Central banks: President of Malawi, Dr Lazarus Chakwera, PLEADS FOR DEBT CANCELLATION – But is the Debt the problem, or is it fiscal policy? – October 5, 2023

Capitalism often confuses people; they imagine that capitalism is only about CAPITAL, ignoring that capitalism revolves around ATTRACTING capital which for the most part revolves around Liberty, good governance, and most importantly, PROPERTY RIGHTS, which is the main reason why African countries have problems.

As I’ve stated in several posts, the IMF is not really about the money, or getting respect for your FIAT currency; it’s mostly about changing FISCAL policies. Now, in my opinion, I think Africans shouldn’t even sign up to be in the IMF, but they’re forced to do this because most African VOTERS have been indoctrinated into socialist and MARXIST ideals.

You also have to remember the tribal elements in Africa, which lend a lot of Africans to being PROTECTIONISTS. If people forget, the European Union along with its fiat currency, was formed, around 1999, because most of Europe had bet big on SOCIALISM, and socialism all over Europe in its many different branches failed MISERABLY, which hurt Germany the most.

Germany is a regulations shit-hole; you need a permit to do any type of business in Germany. However, the Germans have a high IQ population, and their educational system revolves around economic SOLVENCY, which differs from most EU member states that have DISASTEREOUS fiscal policies.

Unfortunately, the WORST European minds and thinkers are the ones Africans embrace the most; you’ll seldom, if ever get an African leader comprehending Austrian economics, so at BEST, what you’ll find in Africa are Keynesians.

African countries often implement Western ideals that continue to fail in Western countries, however on the SURFACE, these EU countries, in comparison to Africa appear to be doing wonderfully.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

So, this lack of respect for property rights often leads to African nations falling deeper into debt as their leaders have no idea how to attract CAPITAL. I think the IMF could absolutely cancel Africa’s debt and downgrade their credit rating again, but that won’t make their FISCAL policies any better, forgiving the debt, would accelerate the problems in Africa.

Because what the DEBT represents is a FAILURE in government, in the United States for example, look at the decrepit corpse-Joe Biden that the U.S. voters made president, well, that’s a reflection of their DEBT.

America as I’m writing this is 33 TRILLION dollars in debt, thereby making their currency potentially worthless if their FEDERAL policies ever became Statewide policies. Now, what separates U.S. debt from Malawi debt is demand for the U.S. dollar and INFRUSTRUCTURE.

Even with all of the debt in America, it’s still attracting CAPITAL to the country, whereas with Malawi, they’re repelling capital; why, you ask? Because of PROPERTY RIGHTS, trying to set up a business in Malawi as a foreigner with foreign capital and observe what happens, this is also a problem in other African nations also.

If you’re successful, you’ll see how quickly you’ll be called an EXPLOITER. Currently, Press Corporation Limited is the largest conglomerate in Malawi, what is Press Corporation Limited? it’s a holding company, and most contributors to the Malawi, would rather not invest DIRECTLY, instead opting to be a beneficiary of what’s already there.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

There are lots of mining opportunities all over Africa, but if you decide to make the capital investment, you’d better be prepared for what happens next. Because Malawi and as well as other parts of Africa struggle to get capital, you get as an example a lot of sex trafficking, as Malawi I believe, is home to one of the more larger refugee camps in Africa.

So these problems compound, and the people in Africa get more desperate TO FIND WORK. What most people fail to understand about capitalism is that it EMPLOYS people, so when an African government says we want to expel these white people, south or east Asian people, for exploitation, what you’re actually feeding into is more unemployment and unemployment men, in Africa, tend to see human traffickings as the best way to make fast cash.

The same slavery that created the transatlantic slave trade still exists in Africa today, and although nobody wants to talk about a lot of the African tribes involved in the transatlantic slave trade still exist today, so for some of these people they don’t see slavery as immoral, they see it as SURVIVAL.

With all the imperfections of capitalism, it’s still a better option than human trafficking, slavery was all the rage, before CAPITALISM, that’s what people tend to forget, when America freedom the slaves, it was because IT CAME TO THE ATTENTION OF EVERYONE THAT CAPITALISM was a far more efficient economic system than socialism and slavery.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

What socialism, slavery, and human trafficking is from an economic point of view is devaluing a person’s self-worth, for the service of the powerful. With capitalism, BAD IDEAS are deflated and replaced with BETTER, more innovative ideas. Capitalism is inherently DEFLATIONARY, meaning that if your business or fiscal spending ideas suck, you will go BANKRUPT.

Socialism and other slavery-derived economic ideas REWARD bad ideas; even if a concept is known to be a failure, socialism and the believers in slavery will use the GOVERNMENT to reward the bad idea’s. There are a lot of FOREIGNERS WITH FOREIGN CAPITAL that could fix Malawi, but the ugly process of fixing the Malawi economy, would likely based on the history of Africa, lead to people claiming capitalists are EXPLOITING the Malawi people, and once this happens, a person or private businesses entire capital could find itself PLUNDERED.

This has happened so many times in Africa, that a lot of people refuse to invest their capital there, this is the real reason why modern capital ends up in ASIA. Malawi should consider changing it’s FISCAL policies, Africa in general should rethink its fiscal policy, the bank, and the NUMBERS are merely a reflection of what’s WRONG with fiscal policies.

Interesting times ahead!