| | | This is what I call a cover story. When there is a problem which the elites want to ignore, because they caused it, their media sources an alternative explanation. Except for "unreliable sources" the media today is in fact their media. Don't be fooled. The real problem is that the world economy has been over-optimized for maximum profit. JIT inventory, shipping jobs overseas and other factors resulted in a system that is fragile when hit with a significant perturbation from business as usual. Businesses had to cut orders when everything was shut down, so factories shut down, shipping slowed, etc. Then suddenly when things started opening up these businesses needed inventory but the factories couldn't respond instantly. There are lots of details which are over my head (but I have read about them - sorry I don't recall everything), but the point is that the system could not handle the major perturbations caused by the pandemic and all the associated chaos. Over optimization for profit has, over decades, converted a robust economic system into one that is fragile, meaning it has difficulty responding to sudden perturbations.
Now there is without doubt a lot of truth about people buying more, but a good cover story has to be based on a narrative that is believable. If not the story will fail to convince people. All just my POV, of course. |
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