The allocation of scarce and vital resources keeps people alive and well, and the best procedure to allocate resources is via markets where each person personally decides to allocate resources under their personal control.
But money-lusters and more especially power-lusters always attempt to derail free economic systems, because they are people of low morals who want not only to get “something for nothing” but they even want for others to suffer.
That’s because they measure success only in relative terms. For them, a successful life is one where you dominate over other people while they scrounge at your feet for bare subsistence.
While always being in the minority, they are the whole reason why societies need law.
The political name for these people is “fascists,” and the people behind the Great Reset are all fascists. They want to derail free enterprise, obtain something for nothing, and make others suffer.
But Does it Work?
The next question to ask is whether it can work. It’s one thing to dream of being a fascist dictator, but another thing to actually try it. After Ronald Reagan, the USA has become more fascist each decade.
By the end of even that first decade of the 1990s, the damage was already done.
Because US citizens allowed for US politicians and rich cronies to steer America away from free enterprise, remunerative (profitable) work is drying up. Here is the ratio of hours available to US adults who are able to work, set to that ratio which was found in 1999:
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But when you compare the hours of profitable work available to current US adults though, you find a 13% decrease in the availability of profitable work:
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While part of the reason that less profitability is available to US adults is due to an influx of low-wage workers worldwide (who had not been participating in the world labor force due to living under Communism), fascism inside of the US explains the other part.
Here is how fascism is “supposed to” work (in theory):
Dictator directs resources to friends and punishes enemies.
Having just one or a few people deciding where everything goes “works out.”
Inflation of the currency is not required to fund huge government programs.
Countering inflation by raising interest rates is never needed.
Therefore, debt servicing costs never “break your bank.”
But here is how fascism actually works (in practice):
Dictator tries to direct resources to friends and punish enemies.
Having just one or a few people deciding where everything goes “fails horribly.”
Inflation of the currency is required in order to fund huge government programs.
Countering inflation by raising interest rates is needed to limit “pricing pains.”
Therefore, debt servicing costs “break your bank.”
In Greece after 2005, debt servicing costs ended up breaking their bank. They tried to have an economic system with just a few in control (they tried a variant of fascism). Because they could no longer afford to pay their own bills, they were bailed out by people who had more wealth than them.
If you look at rates on their debt, and the time it took to reach a financial “point-of-no-return” — you can overlay their situation on top of the current US situation for rough guidance.
A tipping point occurs when the interest rates get high enough that it makes the cost to service the national debt rise above the military budget. At that point, the interest that you owe others is greater than the money that you spend to protect yourself (from others).
Soon after that, people stop borrowing to you (sovereign debt crisis) and your financial system implodes. Here are rates on Greek debt, applied to US debt:
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Note how when interest on the debt reaches 3.6%, the annual cost to service the debt exceeds the US Military Budget. If Greece is an example, full financial collapse would be expected within the next 6 years after crossing that Rubicon.
And that is using the more liberal expectation that debt servicing costs track with the average of 3-month and 10-year government treasurys. If the cost to service debt tracks the 10-yr government bond, then the United States financially implodes in less than 6 years after the debt service cost exceeds the military budget.
Collapse happens when annual interest on the debt reaches about 11%, and when interest payments then chew up 88% of US tax revenue. And this is what fascism brings. Fascism brings a nation to its knees.
In “woke” language, fascism is not “sustainable.” But if somebody would hurry up and alert those behind the Great Reset, they’d willfully disbelieve. They want their fantasy, at the cost of your life and livelihood.
This is important because there is nobody on Earth able to bail out the USA if it collapses, and there will be no where to run to for liberty if the USA completely collapses financially.