Transitioning to a cashless society is a natural fit for the authoritarian regime in Beijing — and one that has long been sold as “benign” by the more “liberal” globalist elite.
It is frequently allege that, under capitalism, people aren’t paid what they are worth to employers. But the commonly-drawn implication that state intervention will improve things is false.
It appears many Indians and Brazilians and Chinese are willing to risk the global warming for a chance at experiencing even a small piece of what wealthy first-world climate activists have been enjoying all their lives.
Central banks’ economic models predict deeper negative rates are necessary in the event that a significant recession materializes. This would be a disaster.
