Lester Golden
2 min readSep 5, 2023

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Apparently American flight attendants, UPS drivers, Starbucks baristas, the UAW, didn't get your enserfment memo: https://duckduckgo.com/?q=American+2023+strike+wave+unionization&atb=v310-1&ia=web

The pendulum is swinging in the opposite direction.:

https://www.politico.com/news/2022/05/11/biden-working-class-unions-00031759

Not as far as under FDR, but it's more than just talk.

Look at the pro-union prevailing union wage provisions in the IRA's subsidies.

China's economy:

https://www.businessinsider.com/china-debt-economy-implode-stock-market-wall-street-xi-jinping-2023-6?op=1

If you disagree, show me screenshots of your long positions in Baidu, Tencent, Alibaba, Meituan, JD.com, Evergrande, Country Garden's shares and bonds, the yuan. I own 100 shares in JD bought when I thought they were cheap. They got 50% cheaper and I'm not buying more.

Put your money where you mouth is, otherwise known as put up or shut up.

Same for India, which I consider uninvestible while theocratic Hindu fascist Modi is in power. India tearing itself apart, from an Indian:

https://www.ft.com/content/dfda7308-475c-45a3-8abb-ef34087a8f57

Here's historical reality: copy the Dutch and the Anglosphere model of the rules above the rulers bond covenant and contractual fiscal military state or stay poor:

https://medium.com/illumination/how-the-dutch-invented-the-modern-world-895ae234fd44

Japan, South Korea, Taiwan, Singapore, the former Warsaw Pact states, Israel, ex-fascist Mediterrenean Europe copied it and prospered.

They have investible companies and markets and more widely shared growth and wealth than Argentina, Mexico, Peru, Ecuador, Bolivia, Venezuela, Iran, Pakistan, Egypt.....For real serfdom look there. Nobody in Colombia is fleeing to Venezuela or Cuba.

The alternative is the middle income trap China is now in. The co-author of the book Why Nations Fail explains it well in 18 minutes: https://www.youtube.com/watch?v=jsZDlBU36n0&t=11s

It's worth your time.

Since I'll be 95 in 2050, your wait til 2050 request is a big ask.

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Lester Golden
Lester Golden

Written by Lester Golden

From Latvia & Porto I write to share learning from an academic&business life in 8 languages in 5 countries & seeing fascism die in Portugal&Spain in1974 & 1976.

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