Herland Report: Massive Redistribution of Wealth: The Covid-19 virus makes billionaires’ fortune soar with massive profits. Elon Musk is now the richest man in the world, second only to Jeff Bezos – whose fortune also has rocketed during the pandemic.
Bill Gates is left behind, the same goes for Facebook’s Mark Zuckerberg, who a few years ago sat in a student dorm and now rules what seems to be a totalitarian empire.
ZeroHedge writes: According to the Bloomberg’s Billionaire Index, we have seen the richest men alive have their wealth rise 23% – or $1.3 trillion – during the pandemic.
We live in a world where big tech and young boys become the world’s richest, with power to sway opinion in any direction.
The lack of state regulations for the high tech monopolies are dramatic. George Soros also pointed out in an interview with CBS 60 Minutes that the market is in desperate need for better regulations. Yet, the companies he manages are reportedly not registered in the USA. In the interview, he confirms that this is done in order to avoid regulation.
So, governments lose power and private capital takes over the government’s former role?
Massive Redistribution of Wealth: Many have noted that the Covid-19 virus has proven to be a massive opportunity to speed up the wished for economic progress that makes possible the enormous transfer of wealth from the middle class to the philanthropic upper classes.
As almost all the billionaires now are labelled “philanthropic”, this seems to be part of the merging of economy and politics. They are set to take the philanthropic responsibility of caring for us all, not only for personal capital gain?
Are we to understand Klaus Schwab, founder and Executive Chairman of the World Economic Forum correctly, he hopes for the end of neoliberalism and points rightfully out that: “Free-market fundamentalism has eroded worker rights and economic security, triggered a deregulatory race to the bottom and ruinous tax competition, and enabled the emergence of massive new global monopolies.”
RELATED ARTICLES:
- The Billionaire Rulers of the West: Obsessed with Transhumanism and Postgenderism
- USA: All the Civil Liberty Protection against Tyrannical Central Government is removed
- The Traditional Western World View created a Civilization we are now Leaving Behind
- The Covid Government Power Grabs are massively intrusive, coercive and authoritarian
Massive Redistribution of Wealth: And: “Trade, taxation, and competition rules that reflect decades of neoliberal influence will now have to be revised. Otherwise, the ideological pendulum – already in motion – could swing back toward full-scale protectionism and other lose-lose economic strategies.”
Who would think the Feudal System of overlords would return to dominate the West in the 21st Century, yet here we are with heavy global monopolies.
The question becomes: If the richest businessmen alive are philanthropically preoccupied with the welfare of the human race, would that mean that they have the population’s best interest at heart? Are better leaders than democratically elected politicians?
As the current financialized system is set up for speculation, the narrowing gap between economics and politics presents the need to further acquire knowledge about the motivation of leading investors.
The stake for the ultra-rich has never been higher. As banker Jacob Rothschild said in a interview a few years ago, no one knows how the current story will end as debt is currently cured with more debt. As we seem to sway from a democratic system where governments are more independent from capitalist owners, the merging of private capital and government funds may now be the set solution.
The key in the close collaboration between governments and private billionaires may be the billionaire take-over of government funds. Or, at least, the lavish access to it. In that case, Schwab’s vision of ending global monopolies may fail.
As politicians tend to originate from humble beginnings, once in higher positions, some are thrilled to make the acquaintance of the rich and mighty; it may be easy to sway the will to donate government money into private projects owned by billionaires. Especially if one is promised high pay jobs after politics, which seems to be the trend.
Massive Redistribution of Wealth: The merging of private capital and government funds may produce a new wave for the old British East India Company system, which merged taxpayer money with private capital and became the world’s most earning company. London was very happy and with good reason.
The brilliance of the British is hard to deny. They know a thing or two about how to win a war or steer a country in the desired direction.
Consequently, the moral standard of billionaire business owners and investor systems become even more important. Whose interest do they have at heart? The progress of human kind or solely capitalist gains?
