The free market economy pursues one social goal: to provide individuals with products and services that they de facto demand. Any form of state intervention and partisanship leads society further away from an optimal outcome of resource allocation. State interventionism implicitly negates the existence of scarcity on the resources and goods markets. We have been observing an ignorance of this fact for years and, with the rise of ESG investments, driven by the clique in Davos, we have had to accept that our economies have continued to lose productivity growth. But now, since the Federal Reserve has raised interest rates, there are increasing signs that the ESG party, which is 'free' for the political caste, has come to an end. Even in the changed interest rate environment, companies have to generate profits in order to survive on the market. Consequently, capital is now flowing back from the unproductive areas of the economy into the productive areas. Is this the end of the ESG party? Let's wish and hope so for the sake of the future of our society.
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21 sats \ 1 reply \ @shado_op 17 Feb freebie
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25 sats \ 0 replies \ @TomK OP 17 Feb
I'm more of the opinion that the Fed knows exactly what's at stake, namely their emmitized product, the US dollar. they have to sterilize a whole lot of return flight in dollars in the next few years, which is why they are now trying to keep interest rates up
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