False Proposition - "Liberal Marketization"

The liberal marketization that was once a source of pride and that many Chinese people wanted to study or even copy, mainly in the United States or the entire West, may become a false proposition. Even the United States reshaped its economic strategy last year through the "New Washington Consensus" in an attempt to adjust and save the drawbacks brought about by the once liberal market.


The earliest emergence of liberal marketization can be traced back to the late 18th century and the 19th century. It was an economic system policy advocated and implemented by the West, led by the United States. However, its core was actually to assist the global colonial system that prevailed at the time and to use the economy to consolidate the regime.

During the years of reform and opening up in the village, many "experts" in the village and "experts who came from outside" also tried to guide and change the village to implement this liberal marketization, but they were not completely successful in the end. While many people were still trying to promote liberal marketization, the global economy changed. Even Western countries that once advocated liberal marketization are gradually changing and adjusting their policies and no longer fully follow the previous strategies. Why is this?

At the beginning of the 20th century, social resources and social capital became a hot topic of discussion around the world, and social capital also brought a period of dividends.
Because social capital is the basis for the formation of self-organization in third and second developing countries, especially in vulnerable groups. At the same time, social capital can be combined with external industrial capital, commercial capital and capital marketized by the financial market.

"finance"
Finance is a field that continuously generates huge costs and passes them on to the outside. Therefore, the more people are unable to participate in the financial field, the more people will accept the cost transfer brought by financial capital. At the same time, the transfer of financial capital has resulted in a 2:8 split in global wealth. This is the dividend of the times.

The West, especially the United States, which was the first to advocate a liberal market, has gradually made its local economy based on the financial market in the process of continuous development. The United States has the largest financial industry and financial derivatives in the world, so at one stage the United States was the first to reap the dividends of financial capital liberalism. The United States is like a country that is highly involved in the financial field, which has brought huge costs. The costs are borne by the second and third world developing countries in the world, so this is one of the foundations for the United States' economy to be far ahead for some time.


But why change now?

In fact, in the early 20th century, the economically leading countries in the West had already felt or tasted the "bad consequences" of the continuous economic crises, which were the result of the liberal market.

Under the liberal market, the West, especially the United States, regards finance as the dominant competitive system of the U.S. economy, which has led to an increase in the global polarization between the rich and the poor. In the late 19th century and early 20th century, the United States was still able to bear the costs of the financial sector through some second and third world countries in the world. However, under rapid development, the gap in the financial field has become smaller and smaller, causing the gap between the rich and the poor to be microcosmized from the world to the United States. This has led to a continuous increase in the gap between the rich and the poor in the United States, and social contradictions have arisen under the gap between the rich and the poor, which will lead to more unstable situations.

The gap between the rich and the poor is now irreversible, and for the United States, which has always been ahead of the times in terms of economy, the complete liberal marketization and egoism have completely affected the government and even the national policy. Therefore, if the liberal economy continues to be promoted, the economic crisis that may be triggered in the future and even the crisis in the United States will become bigger and bigger. Therefore, in 2023, the "New Washington Consensus" appeared, which directly overturned and even changed the "liberalism" under the founding national policy of the United States. Therefore, through some new laws and regulations promulgated this year, it is not difficult for us to see that the excessive freedom in the past may have become a thing of the past.

Freedom does not mean being unbridled or doing whatever you want. Freedom should be the right to reject injustice.

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