I agree. I don't know about Europe, but here in the US it is obvious our elites in government have abandoned any pretense of sense or planning for the future. They are just using the government to steal as much as they can possibly steal from American savers and taxpayers. Do you think with this whole "Great Reset" thing they will usher in a grand debt jubilee or something like that in a few years?
It is going to be a massive party where 0.1% of the population is invited and there will be much laughter and celebration. The 99.9 will see a reenactment of it on Netflix.
in my opinion it mostly because of lack of sound money, governments control supply of money, so they have much bigger possibilities for using this newly printed money to stimulate debt in cost of savers, so saving is less rational in form of government money, and here cryptocurrencies comes ;)
I wouldn't use these words for Europe, but I believe in today and age, any democratic-like governance system, doesn't take longer-term future into accountt.
Every few years (4 or 5 years) they like to be re-elected. Any longer-term plan means higher changes the positive effects of the plans are not visible in the 4 or 5 years timeframe of their ruling, hence not of interest to focus on it.
The voters seem to remember only what happened today, and yesterday. But seem to forget about what happened two days and longer ago. Also, the public (the voters) are not worried about the future. Don't think of this. Believe it'll stay the same, and the government will handle it for them.
All of this leads to short term plans, and short term plans are just small changes to what has been implemented already. Executing on a vision is not possible anymore. But this is not only the fault of politicians. This is, even more, the fault of the p[public, the voters.
Just think of this: When the voters want a sound long term plan. When the voters don't care about short term plans at all. Politicians will suddenly come up with long term plans and start acting totally different from how they act at the moment.
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That was very well stated!