Globalization Is Poverty
The comments above & below is an edited and abridged synopsis of an article by Raul Ilargi Meijer
Central bankers have never done more damage to the world economy than in the past 10 years. Meanwhile, the global economy has never been more interconnected than it is today, mostly due to the advance of globalism, neoliberalism and technology.
These factors are praised as forces for good. But living standards for millions of people in the West have dropped, while millions of Chinese now have higher living standards.
Along with Western manufacturing jobs, the way of life is disappearing too. Americans don’t make things anymore. They buy things from others. They lack the skills to make things too. They are dependent on other nations just to survive.
America has to pay, and pay with what it can borrow, because it doesn’t make anything anymore. It’s a vicious globalization circle, so we rely on central bankers to manage the crisis.
This is the Roman Empire’s centralization conundrum all over again. Their problem was, towards the end of the empire, the share they demanded became larger and larger until the periphery turned on them.
The world’s central bankers’ club is set to get new leadership soon, but since there is no sign that the economic religions they adhere to will be replaced, it’ll be centralization all the way.
The endgame of that process is painfully obvious. Centralization feeds central forces, be they governmental, military or commercial, with the fruits of labour of local populations. That is a process that will always run into a wall, because too much of those fruits are taken out.
There are things that you can safely centralize, but they don’t include essentials like food, housing, transport, water and clothing.