Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "Southbank Investment Research"
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What the planners of CBDC fail to take into account is the effect on production; in its base meaning of just doing. The only reason that people work hard, take risks and innovate, is so that they might get a return, in the form of money, that will allow them to put things in their life which they desire. They might desire a holiday or a Range Rover, a house or a set of golf clubs - short term wants and longer term aims. All of this is humans being human, and almost by accident, their activities have brought about, after many years of aspiration and effort, the unsung miracle of stuff-a-plenty.
We can glean from the pronouncements of the politicians (and the characters coming out of the shadows to take their place without our votes) that our wants and aims regarding possessions and wealth, are to be consigned to history and that 'stuff' and the possession of stuff, is to be erased.
The absolute torpor that would descend upon the world? The moribund state in which aspiration is snuffed?
Have they really, really thought about this, and what the effect this will have when inevitably, billions of people wake up to what has been done to them?
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