06/08/2019 (Sat) 03:33:08
>There hasn't been any real investment into infrastructure since the 1970s when the government decided Keynesian economics were dead, and went full Reagan zombie.
What we have today is considered Keynesian economics, that is an economic ideology proclaiming endless debt creation and endless spending is perfectly sustainable, that there should be no limit to monetary creation or expansion of the currency supply.
Of-course many are figuring out this is not sustainable at all and it doesn't work very well in the long term, the long term negative impacts far outweigh the short term benefits. And Reagan was also president under this recent Keynesian economic experiment we see today. It was Nixon and his administration who adopted Keynesian economics back in 1971 when they removed the US Dollar from the Bretton Woods gold standard. Ever since our currency was backed by oil trade as global reserve but we continued to spend way beyond our means, creating unsustainable (insolvent) debts that to this day is physically impossible to pay back. For example the US has more debt than the value of all the worlds' resources. That is pretty damn insolvent. It is also dangerous too because this is how world wars can easily break out.
Like it or not, any solution is going to be painful for many people. It requires mass bankruptcy. It requires massive spending cuts. It also requires a government to start punishing those who have abused the system for their own selfish interests. This includes RICO enforcement against major bankers, oligarchs, currency manipulators, inside trades, corrupted institutions involved in racketeering (which would also extend to the Pharmaceutical industry to the perpetrators of the massive student loan racket), corrupt politicians, corrupt officials who have been taking bribes and looting taxpayer funds, et al. And this unfortunately would not bode well for a government that is corrupted itself.