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Deng Xiaoping
Deng Xiaoping
Since the world was taken off the gold reserve system way back in 1971, a new age of "post-industrialism" was unleashed onto a globalized world. Humanity was given a new type of system which presumed that both our nature and the cause of value itself were located in the act of consuming. The old idea that our nature was creative, and that our wealth was tied to producing, was assumed to be an obsolete thing of the past... a relic of a dirty old industrial age.
Under the new post-1971 operating system, we were told that the world would now be divided among producers and consumers.
The "have-not producers" would provide the cheap labor which first world consumers would increasingly rely on for the creation of goods they used to make for themselves. "First world" nations were told that according to the new post-industrial rules of de-regulation and market economics, that they should export their heavy industry, machine tools and other productive sectors abroad as they transitioned into "white collar" post-industrial consumer societies. The longer this outsourcing of industries went on, the less western nations found themselves capable of sustaining their own citizenries, building their own infrastructure or determining their own economic destinies.
In place of full spectrum economies that once saw over 40% of North America's labor force employed in manufacturing, a new addiction to "buying cheap stuff" began, and a "service economies" took over like a cancer.
Comment: A thank-you to this author for both background and vision, explored and projected. The implications of this election outcome couldn't be more crucial to the future of the USA and its way forward.