Saturday, November 20, 2021

Posts that I especially recommend for Saturday, November 20, 2021

  • Austria’s Drastic Authoritarianism In Response To Covid featuring Jimmy Dore, using his channel on YouTube (21:18). My reaction: Dore uses government statistics to prove that other countries, particularly Austria, are not following science. He clarifies the Austrian lockdown prohibitions. My reaction: But why trust government statistics when the government imposes pressures on doctors, when government financially rewards hospitals for reporting cases in the right way (see my first post here), and when we know that the ruling class, which controls the government, frequently lies when it is in their interest to do so. Dore's commentary partially justifies his getting vaccinated.
  • They Really Don't Want You To know this About China featuring Lee Camp from Redacted Tonight's channel on YouTube (18:53) via RT. (Note: Camp interviews a Chinese journalist regarding various issues that media corporations report.) My reaction: Notice how YouTube attempts to have you ignore her reports with the quoted statement that "RT is funded in whole or in part by the Russian government", a statement which is attributed to Wikipedia; but according to the founders of Wikipedia, their website has been corrupted and used for propaganda purposes.
During the so-called roaring twenties US real GDP rose 42% and by 2.7% a year per capita. Nothing like that is being forecast now.

And the reason is clear from Marxist economic theory. A long boom is only possible if there has been a significant destruction of capital values, either physically or through devaluation, or both. Joseph Schumpeter, the Austrian economist of the 1920s, taking Marx’s cue, called this ‘creative destruction’.
 
My interpretation: He goes on to argue with evidence suggesting that most "zombie" companies still exist, and capitalist economists don't expect a post-crisis boom of a sustained length because these "zombie" companies have easily obtained low-cost loans (and, I might add, reimbursements for losses) to tide them over. The latter (regarding low-cost loans--and certainly not reimbursements) was not the case during the roaring twenties. 
Here we have the secretive World Economic Forum not only grooming young overachievers who go on to advocate on behalf of Mr. Schwab and his technocratic vision for the future (i.e. the Great Reset), but also the business leaders who will profit handsomely from the great global transition, which the pandemic has made possible.
Consider the absurdity that we currently live in a world where Western nations ostensibly live and breath identity politics and so-called anti-racism, including Western world leaders, yet when a literal ethnic cleansing campaign is ongoing in one of the most famous cities on earth, not a single mention of it is heard on corporate news outlets. Unless Hamas, the political/armed group which rules Gaza, is firing rockets at Israel, we barely even hear a word about the Palestinian people. It is a mockery of the true struggle against racism and discrimination for those preaching such a message to ignore one of the worst cases of racist discrimination on the planet.