Personally I am considering this, especially cause war might be on the card in a couple of years. But it is difficult to predict, especially the future. People severely underestimate the impact of climate change on the SEA-region imo. One could argue the West is the West mostly due to its temperate climate.
"79% of the world's population lives in countries closer to the equator than Japan, but only 31% of the world's GDP is located there. In other words, the world's most antipodal 21% of the population produces 69% of the world's GDP."
That is data right there, and with temperatures increasing evermore, not data you want to scoff at. Because everything comes at a price, always.
1) West has made its 'wealth' by strip mining resources from one poor country, exporting them to another country, utilised the work force to manufacture something *under IP* then sell that to another country or at home.
That system is broken and isn't coming back (Globalisation) having said that the Moonsoon Region is hitting peak expendirture demographics (watching India's credit impulse as much as China). Which covers Kenya through to the Philippines.
Some of the countries are on the wrong-side of the monsoon demographics so will see a slow down and move towards more socialism aspects (Thailand for example).
Others will have a lot of opportunity / wealth generation, the US is trying to work through Australia in the monsoon region to have a mini-globalisation pad for that reason as worldwide globalisation has ended.
As for the 79% - this is kinda of irrelevant, a key example, a house in the West lets say 500-1.5m average, in Asia a house on the beach or beach region is generally sub 50k.
So sure there will be sea-level rises (i will be directly impacted with a meter rise) but typically the impact is marginal except in a few major cities which are already moving or considering (Bangkok -> ChiangMai), Jakata -> (can't think of the name) etc but with the construction style/costs the impact in asia (concrete/rebar is marginal) -> just continues the river sand boom out of Cambodia.
Ref the Temperatures, in Swiss the glacier above me has melted, in Thailand haven't really noticed any impact, also looking at the science behind Global Warming, and the history looks more like a cycle that plays out every 150 or so years.
Just for the sake of argument and since you profess to be a data guy, if you look at wealth inequality over the last 50 years and the way base rate and taxes have gone down / eroded. What do you see? Do you see a sudden push into "socialism" as you call it, or mean-reversion? How are we even close to socialism on steroids when wealth is more unequally distributed than during the Victorian times?
Also, generally the constellation of Western governments are not looking to turn private business into a government owned sector. Yes, tax rates are increasing, but that is not socialism in itself. I wonder where your conviction of "socialism on steroids" comes from.
In Victorian times the state didn't provide pensions, health, education to it's own population predominantly in the West (the kids were working) - which forced the Governments to debase the currency by printing the difference, you also didn't have mass-migration which put more pressure on state based resources.
Whilst also taxes were remarkably low, property was affordable as the Government wasn't routinely debasing the currency, life was hard but otherwise easing -
Brexit Accelerates the British Pound’s 100 Years of Debasement
As for unequally distributed then ->Capitalism, today the last time i was in the UK, i was paying something like 50-70% in taxes in some form or another, and even now as a non-resident, non-citizen i still pay 0.5% worldwide wealth tax to a state in Europe i haven't visited in 4 yrs which is distributed to things that don't directly or indirectly benefit me.
In Asia i pay 0% tax up-until this year, from next year a gradual tax rate based on remittance (which will likely be around 5% when all said and done due to deductibles).
Also, generally the constellation of Western governments are not looking to turn private business into a government owned sector. Yes, tax rates are increasing, but that is not socialism in itself. I wonder where your conviction of "socialism on steroids" comes from.
I think you need to look at social media from the perspective of how its being controlled to stop descent, and manipulate the talking points/focus, and utilised to manipulate the individuals using it to redirect their attention.
That's a pure sign of 'socialism' getting it's claws in, alongside authoritarianism
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Side note the last time i looked at France, around 2017 there was something like 73% of the population on some form of government handout.
As for communism / socialism - authoritarianism
I think we only need to look to the laws enacted to tackle the Russian wealth in our countries and how these are now being used against every day citizens,
Setting that aside Roman Abrovamich a friend of the family was his PA - what they did to him is a pure sign of similar mechanisms as utilized in China, the arguments being put forth by governments for a CBDC on internal memos and inter state agencies are akin to the same motives in China..
As for communism / socialism - authoritarianism
I think we only need to look to the laws enacted to tackle the Russian wealth in our countries and how these are now being used against every day citizens,
Setting that aside Roman Abrovamich a friend of the family was his PA - what they did to him is a pure sign of similar mechanisms as utilized in China, the arguments being put forth by governments for a CBDC on internal memos and inter state agencies are akin to the same motives in China..
I suspect we will have a era of CBdCs regardless and it will take 39-50 years before a revolution succeeds and revert to hard assets including Bitcoin as the shackles of bigger government come home to roost and the layman rises up finally.