Fascism doesn't Pay the Bills (creates need for Great Reset)
Post #481
If you do not have these four things:
low government spending
low government regulation
sound money
free trade
… then you might be living in a fascist nation, where the government forms “public-private partnerships” with corporations to the detriment of the people. A recent example of fascism was the partnership of the US government with Twitter, in order to censor people.
Another example of fascism is the government partnership with vaccine firms.
But while fascism keeps cronies rich, it doesn’t pay the bills. Free market capitalism can pay the bills indefinitely, but free market capitalism doesn’t guarantee that rich cronies stay rich.
Because the USA is currently fascist — where government is in collusion with private firms to the detriment of the people — the USA just got its credit rating downgraded by Fitch Ratings.
Heavy centralized spending and central planning leads to deficits, because there isn’t enough freedom for money to be made broadly — and a broad tax base is necessary if government spending is high.
Back in the first half of 1951, the USA was a mostly-capitalist nation, and federal tax revenue was higher than federal spending:
But by the first half of 2021, the USA had become a mostly-fascist nation:
Federal spending was more than 3 times the total federal tax revenue. Such discrepancies explain the recent credit downgrade of the USA by Fitch. A Great Reset could keep cronies rich for a little while longer, but still would not be able to pay the bills. Only capitalism pays the bills.
There is no future in fascism.
Reference
[USA gets a credit rating downgrade] — ‘Wake-up call’: Top credit agency downgrades U.S. rating. https://alphanews.org/wake-up-call-top-credit-agency-downgrades-u-s-rating/