Why Wales needs to export LESS, not more
The drive to export more and more
In the material world – the real world – exporting goods and services represents a material loss to a nation. We produce real tangible goods like food or manufactured goods and then send them away for others to enjoy. Their material gain, our material loss. The importing nation is materially richer while the exporting nation is materially poorer.
So why do all political parties, mainstream media, and “economic experts” insist that we should focus on increasing our exports to strengthen the economy? If not the real economy of lives and stuff, what economy are they talking about? Why does everyone champion the material impoverishment of their own nation?
The reason our “economic experts” encourage increasing exports as a vital economic strategy is because all nations are stuck in an acute state of insolvency. We are insolvent because we have collectively fallen prey to a debt-based monetary system created and foisted upon us by financial parasites – also known as the banking sector. The same banking sector that funds the universities that produce the “economic experts” that advise governments.
The advantage to indebted nations of increasing exports and swinging the balance of trade in its favour, is that the influx of external currencies helps it keep up with the extractive interest payments levied on virtually our entire money supply.
On a macro-economic level we are all working harder and harder for less and less to keep up to the increasing burden of this financial sector levy. This is the underlying impetus for export warfare being waged around the world. It’s the reason neoliberal economists and their trained parrots, mainstream media and politicians, underline the importance of exporting.
This call to export more and import less is echoed around the world, resulting in fierce competition in a global race to the bottom. Whoever can exploit their nation more by paying their workers less and pillaging their environment “wins”. We get richer by making ourselves poorer. Such is the logic of modern debt-strapped economies.
It is a war only idiots would want to fight, but a very popular war nevertheless.
There can only be losers in this war
One nation’s favourable balance of trade can only come about through another nation’s loss. For every national economy that exports more than it imports, there must be other economies that import more than they export.
Like a game of musical chairs, there can only be winners because there are losers. The importing losers get more stuff, but suffer a shrinking economy due to an outflow of money to the exporting nation. The exporting winners have less stuff to consume but have more money to keep debt foreclosure at bay.
However, given the unrelenting nature of compound interest levied on the entire global money supply, the future for all nations looks bleak.
Nations with an unfavourable balance of trade fall into increased debt-servitude along with growing impoverishment and privatisation of natural resources. (Greece and Latvia come to mind.)
Further down the road, even nations with a favourable trade balance will no longer be able to keep up to the cancerous exponential growth of compound interest and will suffer the same fate as their rivals – debt-serfdom in a neo-feudal financial order. The 2nd Dark Age will be here.
There are no long-term winners in Export Warfare. No one, in the end, will be left standing.
How to quit the war and live in prosperous peace
Export warfare, the race to the bottom, environmental destruction, and impoverishment of our lives is all driven by a dysfunctional monetary system based on debt. It has been created by the 1% for the 1% – to the detriment of the rest of us.
This explains why we are driven to engage in cut-throat export wars. Simply put, we keep our boat floating by sinking others.
What kind of world is that? An insane one. Isn’t it time we said enough is enough?
Saying ‘enough is enough’ is simply replacing our privatised debt-based money with social credit (national debt-free money). More about this here: Independent Wales = Prosperous Wales
Any nation, such as Wales, that decides to return to sound monetary policies (based on social credit not private debt) would be free from the need to engage in export warfare with other nations.
We would be then be free to trade with whom we pleased, not forced to trade just to stay afloat. Real free trade – not the sham version forced on us these days- would of course continue. We would still want to import cocoa, coffee, and other goods we cannot produce here, and export goods that others want. But it would be free in the sense that it would suit our personal desires and needs, rather than be driven by debt-leveraged corporations and ‘trade missions’. Economies of scale, single markets, trading blocks, etc. would all become largely irrelevant.
Our local Welsh economy, created and sustained by our own labour, could once again become the cake. Export trade would become the dispensable icing. A social credit-based economy would allow just that – and ensure a secure future for our children, and our children’s children.
The alternative, to continue on with our drive for exports complete with trade missions and summits, is to allow our children to be sold into debt-slavery. (Given rising student loans, the high cost of housing, stagnant wages and reduced prospects, it could be said that this has already happened.)