I urge you to think about what this new liberal order is and how it will affect you [see photo].
The common mistake is to equate "the liberal world order" with the endless march towards embracing renewables and social re-engineering. However I have a more simple definition of this phenomenon. It is the sustained push to boost the power and control of the public sector. Therefore if you work in the public sector today you are almost untouchable. Your income will continue to rise. Your job security is all but assured [so long as you "go along to get along" as you agree to have multiple jabs of vaccines, etc]. Your power and authority will exceed all reasonable expectations. You status in local and/or global community will improve year on year. And so on and so on.
Inflation is about to demolish parts of the global economy. Those with significant longer-debt will come under increasing pressure as interest rates rise and consumer demand for private sector goods and services declines. Meanwhile, world demand for public sector goods and services is on the rise. For instance, new public sector infrastructure must be built to accommodate renewables. The movement of people and goods around the globe will increasingly be a public/private joint venture with the former in control. Combinations of public sector spending and private sector investment will become commonplace if "the liberal world order" becomes the future paradigm for our planet.
Public sector debt is rising and it will continue to rise. Today we have a new regime that links modern monetary policy to loose fiscal controls on spending and this will prevail because the private sector will contract, contract, contract. The beta test for this approach to global control of private investment in consumer spending was the lockdowns of national economies during the Covid-19 pandemic. Unprecedented public sector control of consumer behaviours, employment opportunities, free money for unproductive human resources, social scores for corporates, etc proved that this liberal world order could be made to work without a bloody revolution. For those who live and survive in the private sector the new weapon of war being used against you is inflation [rising costs], forced shortages [energy blackouts], deflation [lower and lower asset prices], and group think.
Finding your way through the maze of change that is ahead for you [private sector participant] will soon become the challenge of a lifetime.
Richard.
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