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The relative wealth and advantage of western nations has created a sense of entitlement to rights and benefits that people in the third world and developing nations do not have. The creep of corporate lobbyist influence may not be an organised conspiracy but has evolved as a successful mechanism for those with wealth and power to sway government regulations, strategy and expenditure their way while citizens have failed to exercise their will to stamp it out and insist on government that serves the majority.
Perhaps the most damaging example is the success of commercial banks in the west to gain complete freedom over the purpose to which they issue fiat debt finance- since the 1980s it no longer must be toward productive purposes- this has led to the speculation in non productive assets and the neglect of investment in productive assets. Allowing commercial banks fiat debt issuance for speculation in non productive assets is a blatant misuse of the fiat debt capital issuance mechanism at the core of fiat capitalism and corrodes it from the core.
It is the classic rise and fall dynamics which inevitably afflict every empire- as it gains dominance wealth and privilege it becomes complacent and complacency allows corruption to develop, and before you know it, another more hungry and ambitious contender has risen to challenge the advantage and privilege that was taken for granted by the current hegemony. Often by the time that is recognised, it is too late. Holding Bitcoin does at least protect your capital from the parasitic debasement that is now programmed into the wests fiat monetary system.
"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.
The average age of the world's greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to complacency; From complacency to apathy; From apathy to dependence; From dependence back into bondage."
Alexander Fraser Tytler
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Yes great article. Hopefully Trump and Co read it!
I remember the oil rationing of 1973 - we had it here in NZ along with 'car less days' where you could not drive your car. Every car was issued a coloured sticker denoting a day of the week that car was banned from use on the road!
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