Order the autumn edition here

The economy is collapsing

Economic collapse always leads to economic state of emergency – from the fall of the Roman Empire to today's civil war-like conditions in Venezuela. 

All wars, including World War I and World War II, were also largely caused by economic affairs. Freedom is always the big loser when economic collapse occurs. Democracy is replaced by authoritarian and totalitarian forces. We can travel to North Korea or Cuba to see how lasting economic collapses appear in these socialist or fascist "paradises" (dear children have many names), or we can head to former President Chavez 'Venezuela, as Norwegian and international socialists as recently as eight years ago proclaimed as the "dream state". Do you think what Heikki Holmås and Audun Lysbakken have to say about today's Venezuela, where the store shelves are empty and people are pillaging and killing each other to survive? Inflation is sky high – many hundreds of percent on an annual basis. For all practical purposes, the monetary unit is worthless, and those who want the essentials of their lives have to trade on the black exchange with US dollars.

As in Cuba, it is the police and the military who try to maintain a certain order when the social machinery collapses as a result of a failure. . .

Dear reader.
To continue reading, create a new free reader account with your email,
or logg inn if you have done it before. (click on forgotten password if you have not received it by email already).
Select if necessary Subscription (69kr)

Hans Eirik Olav
Olav has a long time from the financial world behind him.

Give an answer

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn about how your comment data is processed.

- Advertisement -spot_img

You may also likeRelated