The Covid-19 panic of 2020 is a coup. The ease with which has taken place shows us how far our political culture has crumbled away in recent years. The determination to sustain our financial system have required the prolonged concealment of truth and profound corruption of public discourse and political life.
Our governments have taken advantage of the global panic in order to enact authoritarian measures to cover up for the fact that the financial assumptions about growth which have sustained Western living standards are now collapsing. The Covid-19 panic measures have allowed governments to conceal the real crisis, the financial crisis, beneath, and so prevented populations from understanding the extent of the collapse and from understanding their own responsibility, as well as the responsibility of the financial sector and governments, for this collapse.
First, in this coup the medical industry and pharmaceutical corporations have taken control of government. The stock prices of pharmaceuticals, and Big Data, have been holding up stock markets, and the bizarrely over-valued stock market has been sustaining the belief that all is well with us and we can continue to borrow and spend. Their vaccination and tracing projects are intended to regulate which of us will have access to employment and public life.
Then this is also a coup by the public sector, directed against the private sector. Government no longer wishes to acknowledge that it is dependent on the national working population. Governments have divided the population into essential workers and non-essential and acts as though only government employment is essential. They think that they can do without us. They believe they can take economic activity and employment away from a large proportion of the population and yet expect their own prospects to remain the same. But government is dependent on a free-functioning economy. When government thinks it is more essential than the economy that supports it, the parasite is endangering its own host.
An economy is the most complex integrated man-made organism on the planet with billions of inter-dependencies. Its complexity is understood by no single human. That’s the beauty of it. Politicians can’t fathom it or understand any part of it, usually because they’ve never produced anything of value that needed to be marketed and sold. Trying to make adjustments to it will continue to cause unimaginable problems. Governments find it impossible to allow us all to manage our own risk. They cannot do because they cannot resist the demands made by those who do not want, or do not know how, to provide for themselves and who have no concern for their own freedom or dignity.
The West is failing because it lacks sound money. Unlimited currency means unlimited government, unlimited debt and servitude and eventually limitless collapse. Secondly it has replaced markets, in which everyone shares some level of risk (and so has their own dignity) with massive central planning and crony socialism. Markets reveal the truth of values. Central planning attempts to repress the truth of values.
Globalism is the belief that we in the West do not have to work for ourselves to produce what we consume, for it believes that we can give that task to distant Asian populations that are driven by their masters as a slave society. We can benefit from their labour without having to acknowledge their servitude. The result of our willingness to buy from them and export our industries to them is a long-term loss of economic power. We have given away and so lost the skills by which we once supported ourselves, and so we have made ourselves vulnerable. The consequences are becoming clear now. Globalisation has left us without industries and so without skilled work and good wages. The world has turned into a globally-coordinated command economy. One inevitable result of the centralisation and collectivisation of our economy is that there will now be shortages and failures of supply, and reducing demand, no goods for customers and no customers for goods. The global financial system suffered a new financial heart attack in autumn 2019 when it suddenly turned out that US government debt was no longer valid as collateral for the loans by which they could meet the interest payments on all previous loans. There just isn’t enough real economic growth to be able to make these interest payments.
Governments cannot stop this depression and deflation. Money printing transfers wealth from savers, the holders of existing money, to the holders of the new money. It is a form of theft. Quantitative easing is, in the real world, deflationary because it signals to markets that the central banks are so scared of the future that it cannot be trusted to market forces. This feeds the fear and causes people to hoard money, thereby exacerbating the cycle.
The government response to the waves of fear (Coronavirus, BLM and other manifestations of cultural revolution) has revealed our social fragility and low morale. There has been no public resistance to these new restrictive powers that are now driving us further into isolation from one another. If we allow our governments to control our life and ability to assemble, we will be unable to talk and debate with one another, to be informed or reassured by one another or decide on any course of collective action.
Of course, you and I will live on in Christian freedom, always holding out the gospel and encouraging people to walk away from the gods of the present age. We will treat the present regime always in the light of the limited authority of its true mandate. We will decline to give it the worship and obedience it demands, and will continue to meet together in public to worship the one true God.