Supermarkets filled with food from all over the world, heated apartments, new smartphones, or almost self-evident things like a kettle, an electric stove, or even electricity or running water – all this is a result of a functioning capitalism.
Recently, however, we have been able to observe what happens when there is too much government intervention in the market. Be it government-imposed lockdowns during the corona pandemic, sanctions policies during the Ukraine conflict, or excessive monetary policies by central banks over the past decade, prices rise. The trend is clearly one of hyperinflation.
Food in the supermarket is getting more expensive every day, some food is only available in very limited quantities. Gasoline at the gas stations is also becoming more expensive, as well as heating costs, electricity costs and so on.
These problems, caused by government intervention in the market as well as a politically acting FED and ECB, are wrongly tried to be solved by further money printing and government intervention in the market.
However, there is a major error in thinking here: intervening in the market does not solve the problems, but causes and exacerbates them.
I fear we have now entered a dynamic that will take us further and further into socialist or even communist state structures. The world and the market are already more unfree. We are already in the early stages of a massive economic recession.
Economists expect losses in Europe due to the sanctions to be well in excess of $400 billion. This will significantly harm people and businesses in Europe and lead to social unrest, mass protests and radical – in my opinion socialist communist – movements.
We need free markets, independent courts and a non-political monetary policy as soon as possible.
Let us choose freedom now, otherwise we will wake up in communism, possibly with a world government.