by Karl Denninger, Market Ticker:
In case you haven’t noticed productivity has been in the tank. Even the government admits it, but you see it everywhere. Staff in stores that aren’t doing much if anything at all, surly assistance, firms apologizing when you come in the door because they’re “short-staffed” and similar.
Productivity is simple to define: It is doing more with less.
That’s all.
It is, over the five or so thousand years of recorded human history, the single event that moves the common status of mankind forward.
But now, it has stopped.
TRUTH LIVES on at https://sgtreport.tv/
What you often hear is “well, the government paid people to sit at home and drink beer” and, indeed, that did happen. Remember who asked for and made that happen: A so-called “Red” President who was also the self-described “king of Debt.”
Of course anyone who has ever put too much on the credit card knows how that turns out; the elation of that weekend in Vegas complete with plenty of booze, maybe some hookers and blow on top turns into serious pain when the bill comes. It doesn’t even have to be Vegas, of course; the local pub and hanging out with the homies works just as well to screw up your world if you put it all on the plastic and can’t, when you get down to it, afford that.
Somehow we seem to think that this doesn’t apply at a national scale. One need only look at public opinion when it comes to Congress; everyone hates Congress except for their guy or gal, who they vote for once again because they bring home the credit from the government and spread it around.
How many of said people vote someone out when that’s not funded by prior taxation? Zero. Ever.
How many of said people vote someone out when they sit back and allow things like NY and California to try to shut down the use of carbon-based fuels, upon which literally every advancement of human achievement over the years has been predicated upon? Zero. Ever.
How many of said people vote someone out of office because they will not put a stop to the scam of claiming something is “green” when in fact all that was done is shove the pollution overseas where the people are incapable of resisting, such as is the case with (in particular) lithium-based batteries? Zero. Ever.
How many of said people vote someone out of office because every single hospital and other medical institution has, through policies and acts that facially violate 100+ year old law, specifically 15 USC Chapter 1, and by doing so have taken medical expense from 3% of the economy to roughly 20% and, at the same time, have pushed and even tried to force acceptance of various procedures and drugs upon the population? Zero. Ever.
