The Fallacy of Western Economics; Slavery in Disguise – Astute News
The wealthy nations of the West run on the principles of “free economy”, “open market”, “free trade” and “competition”, but yet the very same West that does not allow monopoly and price-fixing is one that endorses and feeds from price-fixing of petroleum products. Domestically, high fuel prices incur high taxes and high revenues for Western governments, which of course hurt the poor sector of the Western communities the most. And internationally, high fuel prices mean that poor nations remain poor.
If the whole world had a unified and equitable economic system and the term “global economy” were a positive and constructive reality, a visit to the dentist or barber should cost the same worldwide. Reality dictates otherwise. What reality dictates is that when a barber who charges 50c for a haircut in Mumbai goes to the petrol station or the pharmacy for example, without government subsidy, he’s likely to pay what a New Yorker pays in US Dollars.
And if there were a face for the global economic thuggery that the world is reeling under, it has to be the US Dollar. Some may argue that it is the banks, the Rothschilds, and whilst this is true, the vehicle of extortion and theft is the US Dollar. When a taxi driver in India goes to fill his tank, he is inadvertently having a transaction in US Dollars, and not one directly with the Rothschilds.