Thursday, January 31, 2019

Financial System Wealth Drain Better than Latin America Style Corruption

The current western financial system grew out of the industrial revolution and large scale industries like rail networks. The scheme for fiat money and theft through inflation is pretty recent, and as far as corrupt oligarchic systems go, it's not that bad. For one, since it's a theft per transaction, more or less, it requires useful economic activity to function--the hamster wheel must keep turning--so at least people don't starve or suffer other deprivations. Also, it fosters meritocracy, even among the ranks of the corrupt. Sure you get Potemkin village corporations and financial schemes to rob investors, but you also get some value from real honest people's efforts.

In other countries where cronyism and nepotism are the main forms of corruption, the systems that provide for people's well being rot and decay as they're stripped. There are so many examples it's not worth itemizing, but Venezuela is the most recent, most rotten one. Corruption and bad policies destroyed a country with a lot of natural resources.

Should the US intervene to overthrow the government of Venezuela? Probably not. The US should focus on home, and getting our shit together and being the example and the literal school for other countries. Collapsing another shitty government won't do anything to repair the infrastructure and systems of Venezuela, and working them over financially in the aftermath won't help either, obviously. Collapsing the government of Venezuela and converting it into a theater of Great Game bullshit conflict is retarded.

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