"The Economic Situation of the West"

von LePenseur 

 

 

... betitelt sich ein lesenswerter Artikel von Paul Craig Roberts, ehemaliger stellvertretender Finanzminister der U.S.A. und mastermind der Reaganomics:

Once upon a time America had a capitalist economy. Bank deposits were used for loans that expanded productive ability. America produced its own goods and grew its own food. America’s currency was backed by gold and inflation was nonexistent. New technology brought into play by new investment improved the productivity of labor, and living standards rose. Profits were plowed back into improved methods and expanded production.

Governments subsidized social infrastructure and education. This lowered the cost of transportation and, thereby, the cost of production and prices, and it provided industry and manufacturing with an educated work force. As an instate resident, my annual tuition at Georgia Tech came to about $450.

This highly successful way of running an economy was replaced by an entirely different economy, the one we have today. Who is responsible and how it came about is a story that can be told later but not in this column. 

(Hier weiterlesen) 

Roberts hat völlig recht: die Ersetzung eines gesunden, marktwirtschaftlichen Kapitalismus durch einen crony capitalism, der mit immer schwindelerregenderen Zuflüssen an frischem Zentralbankgeld nur auf steigende Kurse und fette Manager-Boni herumzockt auf Teufel-komm-raus, wird den Westen ruinieren. Auch ganz ohne Great Reset ...