Chapter 279: The Population Bang and the Prerequisites for Entering the Interstellar Age

According to the plan of the traversal, the invisible hand will one day become the mainstream of the market, and once the silver and gold are used up, the composite standard can no longer be maintained, the gold standard will be used, and the silver and copper will be turned into pure industrial raw materials, and the monetary status of silver and copper will be abolished. When the society developed to the point that gold production could not keep up, it completely entered the era of credit money, completely turning the empire into a super debtor, and passing through the crowd-controlled central bank to lend every banknote printed to the government and into the market to eliminate deflation, so that the empire increased its debt. Until the world entered the era of moneyless distribution on demand.

This kind of advanced financial revolution is different, and the power of wealth creation is superimposed on the industrial revolution, which is a geometric progression. An efficient financial system that constantly injects lubricating oil into the mechanical monsters of an increasingly large economic system can greatly improve the efficiency of the economic system.

When robots replace all human manual labor, resources and population will reach a balance, through the crowd plan to carry out interstellar migration with a population of more than 5 billion, this time there is no need to wait until 100 years later, you must know that after the industrial revolution, the world's fastest growing population is the area where the Chinese live, whether it is sweet potatoes and corn to feed the Kangqian era or modern China, it is a golden age in which the population has doubled in three generations. The current population of the world is about 1 billion, and the empire is rich all over the world, occupying 90% of the habitable land of mankind with a population of about 300 million, which has not yet reached the absolute advantage of the people of the earth. However, relying on the medical, food, health care, and education systems that have been ahead of the world for thousands of years, it will not take two generations to increase the population of this sparsely populated earth tenfold

The growth in the volume of human resources has been much slower than the growth of capital and resources. But if you can't stand it, there's no upper limit. If the environment allows, capital can increase 100-fold in a generation without falling into hyperinflation, and agricultural productivity and food can also increase tenfold (clearing wasteland). But these things are all capped at total production. There will always be times when you can't grow. It is impossible for the population to grow so fast, even if each woman gives birth to five or six children in her lifetime, it is impossible to increase the population tenfold in a generation. Theoretically, as long as the supply of technology and capital is sufficient, the unit output of the population will grow as fast as capital, and it will theoretically not take many years to reach the level of the interstellar age from the early stage of industrialization. But population is the key to providing technology, and it is also the key to capital capacity. Earth, with a population of tens of millions, is unlikely to enter the interstellar age. There is no large population to provide the source of scientific researchers, living supporting services and the accumulation of surplus capital. The technology and capital of the interstellar age may have to be postponed indefinitely before it can be accumulated.

The fundamental reason for the demand for the quantity and quality of the population is that there is a day when the old people of the people are finished eating, and when the old books of the people are finished and there is no ready-made technology available. The old time and space model of burning money for scientific research will still appear. At that time, the talent gap will become very large, unlike the current researchers who only need one percent, plagiarism can produce results.

This kind of human society, which is so large that hundreds of millions of people, is not capable of ordinary institutions. What is needed is an equally complex, diversified and robust system of fine-tuning to maximize the benefits of resources to increase the value of capital, development resources and technology.

On the allocation of resources. It has already made great achievements, forcing countless landlords to switch to industry and commerce, and raising the efficiency of capital utilization to almost the pinnacle of the existing institutional level, but there are still great deficiencies in dealing with the internal balance of the big countries, especially the balance of various industries. Many powerful people in the Senate, who are accustomed to crossing the crowd and arranging everything, are still unable to adapt to the rhythm of the new era in which the masses let go of the details for a while, and the capital accumulation stage of the planned economy and oligopoly has jumped to the era of free competition in the market economy and the era of capital explosion, which makes many senate aristocrats who have made a fortune by colonizing, exploring, and doing business to become nobles very uncomfortable, and those who have few numbers left of the big landlords and scholars of the old era can not survive.

The empire is like a train of express trains running in the right direction, and the various industries are like the carriages and the front of the locomotive, and the passengers and drivers are the businesses or families. Theoretically, only people who are relatively stationary with the train can enter the carriage outside the train. That is to say, at the moment of the founding of the People's Republic of China, the Chenji Group that crossed the crowd was the bullet train of the main locomotive, and the shuffle of the train stopped and added water, and the family did not seize the opportunity to board the train, and only by building a faster train could it catch up in the lane that was a lot behind, and it could look up with the Chenji Group. Those passengers and carriages that couldn't keep up with the pace were constantly being moved to the back slow lane because they were too slow, and they had to sit firmly on the locomotive and watch one family after another rise and then be squeezed out of the car or thrown into the slow lane by the faster and harder families.

The first to be thrown off were the stubborn scholars, doctors, landlords, and old bureaucrats. The second group is the gate valve and those conservative opposition, the third group is the wall-top grass landlords and workshop owners who have not relied on the financial power of the Chenji group, and the fourth group is the unenterprising oligarchic family that is now about to be eliminated. In the decades since the founding of the country, a large number of partners have been fattened, and they are involved in almost all aspects of the empire's economy, and the level of oligarchs has long reached the level of trusts. The Chenji Group is above these trusts, and has the name of the country's Kang Caien.

Antitrust law is not a product of mere industrialization, but a palliative remedy to avoid an economic crisis. The families of the partners who have obtained a large number of monopoly profits are in high positions and are rich and rival the country, but they refuse to invest in new industries and scientific research, and they have become parasites that rely on the interest of capital surpluses, and a large amount of social wealth is wasted in luxury goods and banks, which makes the traversers very sad. The sufficient supply of capital is due to the fact that these monopoly capitalists do not invest, have too much money, and cannot lend a lot of money, so the banks have no choice but to reduce the interest on deposits and loans in order not to lose money. This kind of dead money is something that the public does not want to see, because they are not capital, but resources that lie down and do not need to be wasted. In order for these funds to flow, competition is necessary. Only the pressure of competition can prompt capitalists to invest in product research and development and equipment upgrading, and can turn dead money into living money. Year down. Because of the threat of trial and judgment in many antitrust cases, as many as 200 billion deposits were withdrawn from the imperial banking system. The interest rate on the benchmark loan rose from 5% to 8% all at once. Another way is to borrow heavily from the government to build new infrastructure and public service enterprises. However, this approach could easily result in larger capital surpluses and non-performing loans. These non-profit state-owned enterprises (such as public libraries and train stations) need financial subsidies to keep their capital running. The low profit makes the interest rate of the bond not much high, and it is difficult to improve the efficiency of the use of funds.

Therefore, one of the priorities of the financial revolution is the establishment of a credit system to reduce risk. Modern finance is credit finance, which can greatly reduce the cost of capital operation and improve the efficiency of capital operation. The best example of the power of amplifying money is leveraged buyouts. On the high-risk and high-return junk bonds, there are also great benefits. The most attractive bonds in the bond market are those restructured corporate bonds that have been rated as medium-sized bonds by rating agencies. It is easy for a good company to get a loan, but it is not necessarily for a company that is on the verge of being acquired, in the middle of industrialization when capital operation is extremely prevalent. Whether it's a hostile takeover or a normal takeover, companies have to borrow money in order to expand their cash flow. The difficulty of financing is due to the greater difficulty, the shorter time and the higher interest rate. Therefore, it is very attractive to investors who pursue high profits and low risks. The two sides of the struggle will make the interest rate of corporate bonds soar, and it has become a common practice for the acquired party to sell the junk bonds of some affiliated companies for the benefit of the oligarchs behind them.

Sometimes the huge business opportunities are hidden in these junk debts. There is also the credit rating system, whether it is a personal credit system or an enterprise credit system that was established long before the founding of the People's Republic of China. All of them are killer tools to reduce financing costs and risks. European countries and corporations without these systems are simply fish on the chopping block of the imperial financial consortium.

Improving the efficiency of capital utilization and reducing the risk of capital utilization are the key and fundamental to wealth accumulation. It is also the core content of the financial revolution. The power of the financial revolution is almost hundreds of times greater than that of the commercial revolution in the early stage of the public.

Can someone with money, technology, and advanced class leaders enter the interstellar age? The answer is clearly no. To paraphrase the theory that qualitative change requires stimulation for quantitative change, if there are no impurities in the water, even if the temperature drops to minus 20 degrees Celsius, it will not freeze, and the water vapor without condensation nuclei will not turn into rain clouds. The key to propelling humanity into the interstellar age is pressure and stimulus, and then some condensation nuclei that can promote qualitative change.

For the rapid development of space technology during the Cold War, it was the stimulation of pressure. In the absence of external enemies, human beings are good at infighting, and resources are seriously wasted in infighting. The speed of progress was greatly consumed by infighting. In order to avoid this kind of infighting, the traversal must create an imaginary enemy or nurture an enemy to come out.

Pick and choose. In the end, the crowd picked up the Islamic civilization. And condensation nuclei are those excellent entrepreneurs who are driven by profit and ultimate goals.

In the secret meeting of the Senate, many people questioned the proposal to foster Islam as a rival, and some even turned up the border conflict between the Tang Dynasty and the Arabs. In the end, this secret support plan was forcibly adopted by a narrow margin, and the three kingdoms of Ghaznavid, Seljuk, and Saracen were set as key support targets. Just as the big brother of the Soviet Union selflessly supported New China to carry out 156 projects, and assisted more than 2,000 industrialization projects in the three countries, the wealthy and determined to monopolize the economy of the three countries did not ask for shares in these industrial and mining enterprises, and all of them were in the form of loans, technology sharing, underwriting construction bonds, and other forms of assistance.

Naturally, they do not buy and sell at a loss, they monopolize the downstream of these enterprises, and the wholesale and retail of consumer goods in the three countries are choked by the throat of the 'Wal-Mart'-style network of the cross-public. As long as the hands of the crossing are tightened, the three kingdoms must be obedient.

Many of the Arab entrepreneurs were the elite of the empire, and the ruling class and the imperial court welcomed this almost selfless aid to the empire, and the pro-Chinese forces suddenly took over. It is also the consensus of the upper echelons of various countries to encourage enterprises of the three countries to participate in international competition and force the global oligarchs to maintain a sense of crisis. As for whether a group of white-eyed wolves will be raised, just look at the relationship between Saudi Arabia and the United States in the old time and space. (To be continued......)