In the News (comstol.info): “…in many Western countries, the central banks have begun to set negative interest rates. They have been introduced in Sweden, Japan, Switzerland, and partially by the European Central Bank. It sounds crazy – to pay extra money for their loan, but this is craziness is already a reality.

“Advances in technology, robotic labor, lead to a reduction in production costs and time to launch new types of products. Even the products can easily be copied and competitors run at a lower price. Under such conditions, the product is cheaper, the market is saturated, and the capital invested in production can not get any advantage in the market, nor the maximum value added. And the consumer can not support the demand: he has already acquired all he needs. …

“As a result, interest on loans or pay for work is not particularly needed. Money becomes so cheap that working for it simply becomes unprofitable. Employers must either reduce working time or to distribute the money … free. For example, in Sweden, many companies began to reduce the working week by 20%. And in Switzerland they are going to introduce lifelong payments to every citizen – regardless of whether he works or not – just to live. And the very same work becomes a purely private matter.

“And what’s next? The depreciation of money, deflation, the inability to redistribute added value, which will lead to a depreciation of the means of production themselves, which will be converted to zero and even negative value. And because of the possibility not to work, there will be a deficit of skilled labor. As a result, corporations will distribute its shares to employees – just as a bonus. And workers can simply redeem the enterprise, making it their own. By the way, in his later works, Marx considered such an option – the workers purchase of the means of production in order to avoid a bloody confrontation with the expropriation of the powerful companies.

“All this will lead capitalism into a deep crisis, and mankind to communism, but the path will be very difficult.
Perhaps it was this realization that makes the Fed look for the slightest opportunity to save the interest rate, thereby saving the cost of borrowing. But 18 trillion in debt already is making such efforts less and less effective …”

My Comment: What was said in the wisdom of Kabbalah for many years is materializing. Yet the solution that has been offered by the wisdom of Kabbalah remains unclaimed despite the approaching realization of the opposite case: bloody conflicts.
[181119]

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