Hi All...
Here are my views on what is Happening to our World & Lives to our Political & Financial System(s)IntroductionAs recent history from the Global Financial Crisis of 2008/09 including the ongoing events of the Pandemic of 2019 has taught me to never take anything for granted, We live our lives on a knife edge in what seems like a Gravity defying balancing act, All whilst juggling with one hand tied firmly behind our backs.
It has shown me that the world in which I imagine is no longer as robust as I once thought. Furthermore, The probability that things can and will change on a dime, if not now, then in the very near future. If your one of the lucky one's who has not already been affected get prepared.
What We Need?We need a new type of Politics, A New type of Language to be able to properly discuss the issues of the day and that of the future. We do not have a political party in my country who I feel speaks my language, literally! We basically have Two variants of the same thing. The policies of each are variants of the other, nothing is radical, which is what I believe is required in politics urgently.
We Need a Proper version of Capitalism, Not the current version we have today. Neo-libertarian, mixed Renter Capitalism Hybrid cocktail we call Capitalism now. Actual Free Markets No State handouts to the Uber Wealthy or based on which Oxbridge university you went to.
What I See/Feel & ExperienceCurrently, I see that there is a distinct line between the Generations. Almost purposefully divided.
Generally, speaking in approximation we see the Boomer generations as being one cohort and then we have Generation Z and Millennials as being in another cohort, A portion of which have embraced a world in which they have adopted an increasingly more Decentralised & Digital world.
We then have a portion of the cohort still stuck in a system where they believe its a good idea to have a close to zero yielding savers account and were taught to believe that saving pays (which would have been correct 15-20yrs ago when there was actual decent interest rates).
Next, we have the remainder of the groups who still TRUST the current legacy Analogue Governance system
This group continues to hold on to the belief that... "
Things will get better under our watch",
BUT "
You must continue to vote for us and we promise in return for your vote We will provide: Job security, provide you with material wealth and ensure you continue to have a roof over your head." <== This should be standard by Default
not conditional.
**Only one of the above, of which, is the current direction of travel. A system that is Flexible and is not Monolithic & Decentralised by nature.**
At All CostsFrom my limited observations of our Governance structure/Systems of democracy and just as importantly the Language of Politics today is quite simply outdated and needs a Radical new approach to help fix what the current systems were Designed to protect at all costs:
TOTAL POWER - For the select few at the very top
ABSOLUTE CONTROL - Over Anything and Everything and insist on trying to dictate to absolute minutiae of every single personal decision made in one's life.
There Seems to be an ever increasing encroachment INTO our lives from either the State OR the Law. There is a growing "Feeling" of unease & discontent that we are no longer totally in control of our own lives.
There needs to be a point where self sovereignty becomes the norm not the exception.
We Must be allowed to succeed fairly (and fail) without bias.
We are like Supplicants, Slowly But surely being decommissioned, That we are easily replaceable and are being Set aside as we wait for the next generation to replace us.
We feel that we do not have any real Security or Predictability in our own lives.
We have people today who work a +50hr working week and are still not earning enough to move above the poverty line..! How is this fair?
I am not talking about some Latin American despot regime here I'm talking about a western G7 Economy; One of the Wealthiest economies in the World and yet we continue to see Deprivation, people who are Deeply unhappy and Socioeconomically Deprived, With Only very limited access to the most basic of services which often are not even located in their own communities, making them inaccessible to practically the majority of those who these services are supposed to be for with no prospects of being able to "Enhance their lives"
We have one of the first times since records started [1990's] of Life expectances shows to be actually falling/reducing, The exact opposite of where it should be heading.
I could continue listing all these issues we have heard countless times before and have still had nothing been done about it... BUT I WONT...
CausalityIt all boils down to a couple of root causes/issues with clear causality (cause & effect)
- We live in a Economy built on state handouts, Handouts to the Super wealthy which means these handouts are going to the people who need it the
LEAST and the people who need it the
MOST get the crumbs that fall from the top tables above, maybe a little extra TAX on top to continue to hold them down more.
The people who are shouting the loudest about People in receipt of benefits, continue to repeat the same old rhetoric: "
Sitting around all day doing Drugs/Drinking/Gambling" or that having any state hands outs as being a bad thing as they will..
..Just waste it.
Trickle down economics was/is a Lie. Nothing substantial ever trickles down and whatever token amounts that does manage to fall through the gaps is worth Half as much as what if once did as prices were already inflated by the people at the very top of the ladder frontrunning asset purchases before those at the bottom runs of the ladder even manage to get a look in.
These are the Very SAME people who themselves are GETTING THE LARGEST OF ALL HANDOUTS DIRECLY FROM .GOVS.
These come in the form of government "Handouts" via Defence contracts or Contracts for PPE or Tax breaks for XYZ.. This is how the wealth Income gap has opened up, Not only opened up but massively accelerated between the people who "Have" when compared to the people who "Have Nothing"
Rentier-Capitalism I urge you to check out this link to Prof. Guy Standing work "The Precariat Under Renter Capitalism"
https://www.ineteconomics.org/uploads/papers/STANDING-The-Precariat-under-Rentier-Capitalism-for-INET.pdfThis is just One tiny aspect to what is clearly happening..
- Currency Debasement .. How the value of mine and your money is being devalued (DEBASED)
Government's, Just like the average citizen are up to the necks in Debt. The key difference is that Governments (Incl. Big Business) gain access to cheap or very close to cost free Liquidity via close to Zero percent Interest rates in various form. Govs can issue Bonds, T-Note Guilt, Bund etc. and promise to repay in 10, 20, 30yrs at a specific amount OR they can embark on Quantitative Easing "QE" which is where they Literally Print more money and/or add a few more "Zero's" to Treasury acct balances to raise that said stimulus. The problem here is that
1) How to repay after borrowing?
2) What happens to this liquidity after its been passed onto Businesses/institutions at close to Zero percent = In the Price of Asset Increasing/Ballooning Look at the Housing Market today!
3) The value of our money becomes Less valuable, If the .Gov has just added 10%/20% extra Liquidity to the system That means there is a direct effect on the value our same £10 or £20 note as it becomes proportionally less valuable when compared to before they printed that money AKA
Currency Debasement4) The compounding affect arises when you take the expansion of the Money Supply, adding to this the Increase in Asset prices, coupled with the costs of real world inflations multiplied by the costs of Years worth of Austerity makes for a pretty bleak picture for some and a Terrible reality for the majority..
SolutionsThere are a couple of methods and differing approaches which could help address some of these very real issues.
Firstly, This one is pretty fkin simple: PAY PEOPLE A REAL LIVING WAGE AND OFFER REAL JOB SECURITY!
Second, Stop debasing our Currency.
Third: Reduce the size of government. IMHO I believe it is to large, to inefficient and most of governments roles can already be replaced by not for profits OR even look into implementing the principles of DAO's/Smart Contracts
Fourth: Begin to TAX some of the Wealthiest top 0.01% NOW, not next year
I'm not even calling for Radical tax reform but rather just to apply Tax fairly now and get that into our Local services and peoples pockets
Fifth: Provide some kind of Universal Basic income Not a crazy amount just enough to allow people to actually live their lives not worrying about if they should Heat their homes or Eat some food. (This is pretty radical But not that far fetched from what is already going on ATM IMO)
[cite]
https://en.wikipedia.org/wiki/Precariathttps://www.ineteconomics.org/uploads/papers/STANDING-The-Precariat-under-Rentier-Capitalism-for-INET.pdfhttps://data.oecd.org/healthstat/life-expectancy-at-birth.htm