the sri lanka prime minister says that not only is the government bankrupt/broke, but that the sri lankan economy has collapsed, and is no longer functioning.
this should be a reminder that such things as "economies" are not something that is "automatic and guaranteed," but are creatures of an intellectual and ideological system that supports them. in short, no underlying belief system(s), and nor any notions free exchange for value, trade and the value of currency, and there is no "economy."
for most of human history "economies" did not exist. there were markets, and barter and such, but economies on the scale of modern conceptualizations simply weren't.
this is something the idiot biden and lefty demagogues cannot wrap their heads around, and something that will end up being a curse to us. they haven't values that support "economy" and "trade," and their beliefs will destroy "economy." whatever your belief system, and whether you think this good or bad, this is just the way it is.
"economies" weren't built in mere days, it took centuries for their underpinnings to endure, but they sure as hell can be destroyed in mere day.
john jay @ 06.23.2022
p.s. the south & central america's are embarking on another fling with marxist socialism. you can watch sri lanka all over again. putin gloats that russia will have trade with the america's, and the america's will discover all that that entrails. poor bastards.
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