I wrote this in a youtube comment. Figure I'll leave it here too.
In the West, we have financialized economies. They are deliberately set up to increase asset values by any means necessary. Property, stocks, bonds. It is so by design. It allows for the wealthy to engage in rent-seeking and suck the economy dry by means of debt and usury. That is the natural course of things if you allow the wealthy to use their power and influence freely to pursue their own interests and shape the economic order to their benefit.
We are indoctrinated through our education system which teaches a false economic history and promotes a financialized economy, one that serves the oligarchs. It leads us to believe that a strong stock market and GDP growth is the same as a strong economy for the people, and that the current economic order is the most advanced and efficient there has ever been. It is indeed efficient at nothing but accumulating wealth in the hands of a few oligarchs, to the great detriment of society as a whole.
This financialization has been allowed to run rampant through all sectors of the economy. Healthcare, education, industry, public goods and utilities, and even the military. Typically, it means foregoing investments for the future in productive assets and labor, in favor of cost-cutting and saddling everything with debt, in order to make the financial reports look great in the short term, and the boards and executives pay themselves tremendous salaries and fees for doing so. Then sell off for a great return, while everything around them turns into shyt. Another neat trick is to provide credit, until one day when you for no good reason suddenly withhold credit and people and businesses go bankrupt for not being able to make their payments, so you can foreclose on them and take over assets. Financial panics and crashes are deliberately engineered, as that is a way to consolidate assets into fewer hands.
People talk of the "economy" as one thing, but actually the economy consists of two parts: the productive industrial economy, and the financial economy which exists as a layer on top of the productive economy. It is claimed that this is necessary as credit and equity markets make for an efficient economy. But this is indoctrination. Its real purpose is simply to parasitize on the productive economy and enrich oligarchs.
How a society manages debt and interest is a question literally as old as civilization. Once mighty nations have fallen because oligarchs were allowed to take control of the monetary and banking economic system. The Roman empire fell because making money off of money became the highest order of business. The Roman economy financialized and deindustrialized, as there was less and less resources made available for productive work. The population was plunged into poverty while wealth accumulated for the oligarchs, and then the dark ages ensued. Any bells ringing?
You might say this old timey history isn't relevant to the modern efficient world. You could not be more mistaken, because the mechanism by which this parasitic financialization occurs is EXACTLY the same as what we see today - debt and usury. History repeats itself.
Conversely, leaders and governments who take control of and put the economy into service for the people have seen tremendous developments in short time: Britain in 16-1700s, Russia in 1800s, France under Napoleon, Germany pre-WW2, China today. They all had state run banking. It really should be a public utility. Imagine that - if you pay people to do work that needs to be done, you get a vibrant economy with full employment! And to the degree that you're able to make productive industrial investments, so are you able to trade with other nations. Napoleon boasted that with his economic policies in place, France would soon turn "from a country of artisans into a country of artists" - too bad the rest of Europe, run by bankers and oligarchs, ganged up on him and in the end he lost. If you attempt to have an economic system that works for the people, you run the risk of assassination, government overthrown or being dragged into war.
Think of it like this. We have money printing to finance endless wars around the world, but we can't print money for work that needs to be done domestically? This is nonsense. They say that this would create inflation. But that is a lie. Inflation will not occur as long as the money created reflects new values created by work that is done in the productive economy.
By the way, the concept of UBI is at least 100 years old. An engineer named C.H. Douglas working in finance and accounting proposed it then as a sensible outcome of the fact that as technology develops, it frees up time. Leisure time is a mark of civilization. He called his system social credit. The reason why we never got it should be obvious. The powers that be would never allow such a thing. Japan tried to implement it but was soon forced in line by the international bankers that run the world.
Educate yourself on economic history by looking up the work of economist Dr Michael Hudson. He has written plenty of books and appeared on many a podcast.
"Money, being naturally barren, to make it breed money is preposterous and a perversion from the end of its institution, which was only to serve the purpose of exchange and not of increase. Men called bankers we shall hate, for they enrich themselves while doing nothing." Aristotle
coli go along to get along super simp Dems in here trying to keep the wool over your eyes parroting each other. Gtfoh.
