Today’s economic world is upside down
The ultimate in ironies is that the path to freedom began in towns in the 1200s and became one of the keys to ending the serfdom of feudalism. But through the last century, cities have been corrupted into destroying not just prosperity but the abilities to create it. Resulting in the modern welfare state, with both reluctant funders and recipients becoming serfs.
Today’s economic world is upside down.
Cities have changed from creating prosperity through competence to confiscating the other guy’s prosperity through political power. And recently mobs have physically destroyed businesses and buildings; the means of making a living.
The world is now facing the equivalent of a real Plague lockdown for a death rate similar to the Hong Kong Flu in 1968. Such disproportion is due to control freaks using any crisis to impose authority.
A long-running government promotion has been the notion that the Fed can prevent recessions. There have been 18 since it started in 1914. Another pitch has been that without taxes going to the United Nations, for the very first time in our planet’s history, warming is harmful to life. The latest control gambit has been to use an influenza to shut down the world’s economy, region by region.
If that shock was not bad enough,
American activists turned protests into riots, which could be part of an insurrection.
Obviously, with the economy so plagued, the cure has been worse than the disease. And in New York and other cities, the panic was that there would not be enough hospitable beds, so COVID cases were sent to nursing homes. A mindless tragedy. But lockdowns have curtailed regular traffic to general hospitals such that
doctors and nurses have been laid off.