Central bankers have never done more damage to the world economy than in the past 10 years. One may argue this is because they never had the power to do that. If their predecessors had had that power, who knows? Still, the global economy has never been more interconnected than it is today, due mostly to the advance of globalism, neoliberalism and perhaps even more, technology.
Ironically, all three of these factors are unremittingly praised as forces for good. But living standards for many millions of people in the west have come down and/or are laden with uncertainty, while millions of Chinese now have higher living standards. People in the west have been told to see this as a positive development; after all, it allows them to buy products cheaper than if they had been made in domestic industries.
But along with their manufacturing jobs, their entire way of life has mostly disappeared as well. Or, rather, it is being hidden behind a veil of debt. Still, we can no longer credibly deny that some three-quarters of Americans have a hard time paying their bills, and that is very different from the 1950s and 60s. In western Europe, this is somewhat less pronounced, or perhaps it’s just lagging, but with globalism and neoliberalism still the ruling economic religions, there’s no going back.
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https://www.theautomaticearth.com/2017/10/globalization-is-poverty/
I don't think "poverty" is the true goal.
The triumvirate of globalism, neoliberalism, technology spell CONTROL, as in fascist-style control. This will continue until the global elite (e.g., the Davos Mafia) has firm control of EVERYTHING, and then a serious culling of the human herd will commence.
Don't believe that? Stick around, and you'll get to see who is right about this.
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