Private Sector Economy

The world knows that countries need robust private sector in order to raise citizens’ standard of living.  Freedom advances when totalitarian governments have populations too large to manage. China allowed freedom to advance when they let the Chinese farmers run their own farms.  All communist countries know that they need private sector activity to fund their countries.

Several Baltic States that were part of the former Soviet Union have established large private sector economies with trade, mining, agriculture and manufacturing. Their government footprint is very small and their government budgets are balanced with little or no debt.

Other European countries have massive government debt and massive welfare costs.  In addition, they are saddled with the EU and the UN resulting in diminished economic freedom, personal freedom and functional sovereignty.

The US, has massive government debt and has morphed into a National Socialist government under Obama.

Venezuela unfortunately didn’t develop any private sector alternatives to its oil-based communist economy. When oil prices dropped, Venezuela went broke. Saudi Arabia is looking to expand its economic base beyond their oil economy.

Investors are so bored, they have placed trillions in bets on outcomes rather than in capital to drive the private sector economy.

Globally, consumers are broke.

Norb Leahy, Dunwoody GA Tea Party Leader