We see now what happens when government and industry lose the signals that are useful in monitoring their progress and achieving either the end of good governance or good economy.
In the case of our government, the people working in politics need the signals that voters give them in elections to tell them what is needed and what people do and don’t want. Government is supposed to be ethical and monitor people’s happiness. What happens when voting doesn’t determine elections is that an important signal is lost and people acting in government become lost in a jumble of chaotic competing demands with no way to organize what is important and valuable.
Similarly, when markets don’t work because of cash stimulus money overprinting beyond an amount justified by GDP and under persistently low interest rates, money loses it’s representation as a store of value. And markets stop functioning to tell producers what to produce. Without a market, malinvestment without penalty takes over and wastes capital resources. Money blooms past a useful quantity and can no longer achieve what it once could easily do. It can’t be a store of value so people can save money for the future. It can’t pay labor costs to produce goods and services. It can’t buy commodities to build a better future.
When government and industry become the only important power players, ordinary people fail to keep their lives going. As government and industry ignores signals from voters and from markets, they get in the way of the very progress they otherwise would be able to aid. They have lost the signal that tells them which option is better and which options are best for society because they are ignoring the signals that would ordinarily tell them what to do. Their greed has eclipsed their role as legislators, executives or judicial determiners of better government and among the captains of industry deals don’t make important things happen either in the long or even in the short term.
In seeking absolute power the most powerful people ignored the very imputs that guide wise choices. Their power has displaced that of ordinary people who just want to live an ordinary life with its small gradual gains. Now we see stupid decisions being made and stupid arguments being made to defend those stupid choices. Falsified numbers, flimsy arguments, phoney news.
This results in tragedies great and small that are breaking out everywhere like an itchy and painful rash that will bleed out a lot of people and destroy our society.
Only fools applaud this:
Experimental mrna shots that are killing elite athletes and making healthy people sick.
An insolvent government and banking system careening toward a spectacular crash and burn.
Continuing insistence about innoculating people against their better judgement after thousands have been killed by mrna shots.
Firings of skilled and well trained doctors and nurses and teachers and other service persons.
Dismissals of military personnel who refuse to get an mrna shot.
Mass innoculations for no clear benefit and substantially indicated harm.
If you haven’t given up hope and you want to understand where we went wrong in our government’s design please buy a copy of Political Catsup with Economy Fries available at Amazon.com.