Clearly not. But the world reserve currency was controlled by a tyrant when it was the British monarchy before the U.S. war of independence and it could be again if leftist policies keep damaging Western democracies with nonsensical policies that drive socialism deeper into democratic societies. As Harry says, rebellion or a stagnant economy are possible outcomes as well. One factor ignored is the possibility of nascent capitalism in China triggering a wave of democracy in that country, not likely any time soon but not to be dismissed either.
Too many variables , which you have ably identified, to guess ; other than to say :
Does the world really want its reserve currency to be controlled by a bunch of evil tyrants ?
Clearly not. But the world reserve currency was controlled by a tyrant when it was the British monarchy before the U.S. war of independence and it could be again if leftist policies keep damaging Western democracies with nonsensical policies that drive socialism deeper into democratic societies. As Harry says, rebellion or a stagnant economy are possible outcomes as well. One factor ignored is the possibility of nascent capitalism in China triggering a wave of democracy in that country, not likely any time soon but not to be dismissed either.
For years I thought so too Michael
Have since come to believe you can’t transact with evil and hope to win
Exactly Harry, totalitarianism works as long as boats are rising . But if real estate is “deflating” then the peasants won’t be controllable.
Look at Trudeaus’s polls , House values going down , carrying costs going up , even women have had enough of Liberal rule .
Agree , totalitarianism is not conducive to innovation and adaptation to change … the keys to entrepreneurship