CLG Exclusive: The Great Reset: Corporate Socialism, or Capitalism with Chinese Characteristics
Welcome to my city - or should I say, our city. I don t own anything. I don t own a car. I don t own a house. I don t own any appliances or any clothes.
It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service. We have access to transportation, accommodation, food and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much.
Capital Has No Borders: What Happens Post-COVID Crisis?
This title is so true and an essential concept for traders to understand when assessing markets trends more broadly.
Capital truly has no borders. It flows freely like the sea and sometimes it comes in gently like the tide, raising all boats. Sometimes it crashes on a nation’s shore like a tidal wave.
Capital that comes in like a tidal wave creates asset bubbles that eventually pop, a prime example being 2008.
18
th Century economist Richard Cantillon observed that excess foreign capital that is hoarded eventually leads to bubbles.
In 2008, this observation took life when excess foreign investments from the emerging economies in prior years fed the housing boom and bust.
Why Politicians Are Incentivized to Embrace COVID-19 Restrictions Even if They Don’t Work
Why do politicians continue to use harmful lockdowns and draconian restrictions if they are ineffective? Public choice theory may hold a clue.
Friday, December 11, 2020
Over the weekend Dr. Ashish Jha, dean of the Brown University School of Public Health, took to Twitter to criticize Massachusetts Gov. Charlie Baker for not taking more assertive government action to slow the spread of the coronavirus.
“Massachusetts has more new COVID cases per capita than Georgia, Florida, or Texas,” observed Jha, who also serves as the Director of the Harvard Global Health Institute. “Our hospitalizations, deaths are up 100% in [the] last 3 weeks. But our casinos and tanning salons are still open.”