Democratic governments are supposed to serve the people, but Alisdair Mcleod explains in Goldmoney that instead, governments have become the masters rather than the servants. He concludes:
We have seen how governments have inverted their relationship with electors, becoming their masters instead of their servants. Government statistics, such as GDP and labour productivity are increasingly angled to quantify revenue potential. And the state’s interest in births and deaths is almost entirely fuelled by a desire for increasing numbers of taxpayers, and a declining number of pension claimants.
Ironically, it is the ending of the global debt bubble which will prove government’s undoing. An obsession with revenue-raising potential is leading all western governments into a funding crisis, which is now brought on by the end of interest rate suppression. Only this development will force governments and their permanent establishments to face up to economic reality.
Read much more from Mcleod here.
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