Loading ...In my view there is no capitalism on the planet, because the whole system was gradually weaned off of the gold and silver monetary system starting in 1913 with the federal reserve act.
I also read long ago, that our financial system was a copy of the Nazi system because the Germans had great success before they started absorbing other countries. And stakeholder ways where large corporations help employees and the environment already happened.
The system grew globally, until the World Trade Center which was an attack on globalist minded people and their corporations. So everything is in slow reverse mode ever since 9/11. Populism is getting more popular in other countries, including the USA.
Gold is the end game, and eventually it will probably return. We had zero inflation from 1800 until 1929, in fact things were slightly cheaper after 129 years under a gold standard.
If each and every country produced its own needs, and imported only what it does not have, everybody would probably be better off. Why bother with efficiency, and productivity, (one company making all the air bags, or all the aircraft or cars etc unless we get a shorter work week) or are competing with another planet.
Also with a gold silver backed system, and flat to lower prices, nobody would have to hoard houses, stocks bonds etc etc inflation hedges to make money on their savings. Its a casino economy. And the old $40,000 houses, to keep up with inflation would be $800,000 in todays money. No real gain. Its just the money buys less.
Also re a well off neighborhood, where there are beautiful big victorian homes on big lots, the present owner who inherited one, had the receipts for all the building materials, from around the year 1900 $600 total.