Inflation fuels the rise of left populism, but the answer is not a socialist planned economy
The Harris-Biden administration created the economic crisis, further shifting the social structure, which paves the way for increased populism and potentially the spread of socialism and communism.
If we examine inflation and the economy over the past four years, we can see that some fundamental changes are happening now. Inflation didn’t just happen by chance; it was the result of specific policy decisions.
After Biden and Harris took office, they passed two COVID-19 relief bills, even though the pandemic was under control and the economy was on a strong recovery path. These bills led to the printing of trillions of dollars—$6 trillion. One of these bills only passed because Harris cast the deciding vote in a 50:50 Senate.
At that time, the American people didn’t necessarily need the $2,000 per person in relief. What was more crucial was the full reopening of society, stimulating production, and balancing supply and demand. But the Democrats had other priorities. They needed to subsidize the cities that were destroyed during the 2020 BLM riots by their own supporters, to pacify emotions and continue the revolution; they needed to fund the Green New Deal(GND), a socialist big-government project disguised as a renewable energy initiative, leading to an energy transition "Great Leap Forward." Control of energy means the world, as we've seen in recent years through the chain reactions of global instability caused by energy policy disruptions in Europe and the Middle East (video below). They also needed to expand government agencies to accommodate the DEI (Diversity, Equity, and Inclusion) groups, turning them into the party’s long-term foot soldiers.
(History flashback: In 2017, one world leader warned NATO leaders that the EU's heavy energy reliance on Russia was a potential disaster. Can you guess who?)
This overprinting of money, without a corresponding increase in goods, naturally led to rising prices and inflation. The situation was exacerbated when the administration cut traditional energy production, such as the Keystone Pipeline project. For an economy that still relies 75% or so on oil, this caused oil prices to soar and further driving up the core Consumer Price Index (CPI). These factors combined to create the inflation we’ve seen over the past four years. Biden-Harris did it.
The middle class has borne the brunt, with the American Dream shrinking once again. This has also led to a further shift in the social structure from a spindle shape to a dumbbell shape, paving the way for increased populism and, potentially, the spread of socialist and communist ideologies. In just four years, the Democratic Party has gone from Biden's claiming to beat the socialist Sanders to fully backing Harris’s socialist, planned economy agenda.
They created the crisis, but their solution pushes even further to the left. If Harris becomes president, it will only worsen the situation with no chance of reversing course.
Share an excellent post explaining Harris’ food price cap.
Analysis of Harris's Grocery Price-Gouging Plan
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