Loading ...Ha, the only change of an economic development model that I see is the FAILURE of the past 100 year old NON capitalist system we have now that is falling apart.
re this part:
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said.”
comment:
That statement would be VERY accurate in 1913 when they created the Fed Res. I’m very surprised that ANYONE these days thinks we have a capitalist system anymore. After 1913 everything is pretty much artificial. Or like a game.
The only capitalism I know of was the 100 plus year era before 1913. 1800 to 1913 there was zero inflation and plenty of growth and growing prosperity. After 1913 it was one problem after the next. WWI, causing inflation for the roaring ’20s, market crash of ’29, 10 year depression, with deflation, Gold ownership banned, and 70% dollar devaluation in 1934.
Then came WWII, Korea, Vietnam, no more silver coinage in ’64, wage and price controls in the later ’60s and early ’70s, oil going from $2 to $42, rates going 6% to 21% on and on it just never ends. Until recently. The past is ending, because it was phony.