The financial industry in the post-corona era

The money press is on at all central banks and low interest rates are the motto worldwide. Inflation remains reasonably limited and can remain that way, partly to finance an aging population, according to the New Monetary Theory.

But can this really continue? Or is the financial-monetary system bankrupt? What will happen to gold and cryptocurrencies? What will China do?

Capitalism is the best man ever invented. Thanks to capitalism, we as humanity were able to develop much faster in the last 500 years than in the 5,000 years before. We are realizing more innovations and in the current knowledge economy we have access to greater amounts of information and knowledge. What’s next?

Modern capitalism, however successful, has flaws. As a result, the success of capitalism comes from its own tail. Many now have TV, internet and smartphones and see where it is better in the world. And they now have money to pay people smugglers and to share knowledge about the best migration routes via GPS on their smartphone.

The Great Migration of the 21st century is a direct consequence of the success of capitalism. She begins the years to great social unrest and possibly to the end of Europe we now know.

it’s a bottom-up empowerment movement of burgers emerged. With underground media, facilitated by the internet, collective activist citizens against the excesses of Grab Capitalism and advocacy for Karma Capitalism, a concept that is also embraced by enlightened elites.

It is not the banks that have been bankrupted by the crisis, the entire financial-economic system has gone bankrupt and the middle class has the largest share of the price. The capitalist system has always depended on 2 realities: the market and the state.

Some economists argue for more room for the free market, others argue for more state influence. But in 2015 there seems to be a new variable at play: individual economic actors that emerge as a natural crowd, a ‘form’. Digitization, in particular, has given citizens more power in recent years.

Today we have access to practically all the knowledge of the world and computing power that used to be reserved for large companies is now available by hiring start-ups and SMEs. With a 3D printer we can convert our designs into salable products as a basic product, and use the internet as a sales channel. And we can finance our activities through crowdfunding.

Digitization and globalization turned passive consumers into active prosumer-financiers. In the meantime, our government seems to have less and less control over society and the economy, while low interest rates also mean less and less power from the market. Globalization slows down a bit and turns into Slowbalization.