Bad governance is to blame (or too much governance), namely an ill-advised fertilizer ban which stoked a severe food shortage and export drought. Combined with the debt servicing pains as central banks around the globe tighten policy, it’s nothing short of a disaster.
There’s a sinister, symptom of denying that the labor shortage and vaccine mandates are unrelated. It absolves political leaders of accountability. Given that unemployment is a major bipartisan issue, average citizens may oppose mandates if they thought they were contributing to driving people out of the workforce.
Our systems are mired in good old-fashioned crony capitalism, fascism, corporatism, mercantilism, protectionism…. fancy words for when private companies work with governments to subvert the forces of competition. The suppression of research into off-patent drugs is a notable symptom of this problem.
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