There are several reasons for economic stagnation.
First, social resources become extremely concentrated and monopolized by a small number of people in power, forming an oligarchy.
Secondly, the low level of human quality makes it impossible to form a healthy producer.
Third, when the economy develops rapidly to a certain stage, production technology encounters bottlenecks, so historically there have been continuous industrial revolutions to break through the constraints of economic development.
However, these three points are often not independent, but rather intertwined.
Or rather, the first two are only found in developing countries.
For developing countries to successfully transition into developed countries, they must address the issues of balancing social resources and improving the quality of their population.
This point was not concretely understood during the first two industrial revolutions; even an economic genius like Adam Smith only proposed the laws of the free market.
Until Keynes was born.
The three core tenets of Keynesianism are: employment, interest, and currency.
The basic theory is that the state achieves economic growth by expanding demand through macroeconomic regulation.
Keynes was heavily criticized by capitalists in the free market.
But as it turns out, whenever the United States faces large-scale economic problems, it reverts to Keynesianism: namely, macroeconomic control by the state.
One very important aspect of macroeconomic regulation is expanding demand.
The most basic and common way to expand demand is to build large-scale infrastructure projects.
In this way, a huge amount of funds flowed from the government to the people, increasing their income.
When people have income, domestic demand in society will be stimulated, and the economy will naturally recover.
However, if the distribution structure of social resources does not change at the core of consumption, people's consumption will be squeezed dry again sooner or later. In this way, the government will fatten up a small number of oligarchs who control social resources.
Therefore, when carrying out macroeconomic regulation, in addition to printing money, changing the industrial structure is also of paramount importance.
Changes in the industrial structure mean that the quality of people's lives must be improved.
Of the three, printing money is the nuclear power source.
Stopping printing money means stopping expansion.
Consider this: the development of the Song Dynasty is currently extremely unbalanced, and the printing presses of the Royal Bank cannot be stopped.
Officials in the imperial court had intricate connections with certain wealthy merchants in the private sector.
Core resources and power are combining with each other, like greedy wolves guarding the sheepfold, waiting for the court to keep sending sheep out.
What troubled Zhao Huan even more was that this hungry wolf was also an important part of the Song Dynasty's economic development.
What Zhao Huan needed to do was to turn a hungry wolf into a sheepdog.
Before setting off, Tang Ke had some worries on his mind.
Tang Rui asked, "What is Father worried about?"
"Father is thinking that we should not get too close to the Duke of Chong."
"Father, I don't quite understand what that means."
“I didn’t understand it before either. Eleven years ago, when His Majesty first proposed the new policies, I was completely clueless. I just followed along without knowing what to do.”
"Father is not the kind of person who would do something he's not sure of easily."
"The Song Dynasty was already riddled with problems at that time. If we didn't do something, things would only get worse."
Tang Ke sorted out his thoughts and continued, "After eleven years, Father has come to deeply understand one thing."
"What's up?"
"The collusion between private businessmen and officials is fatal."
"As Your Majesty has said in your treatise on economics, those in power only allocate social resources; once they participate in the enjoyment of those resources, it becomes extremely dangerous."
"Rui'er, you are now thirty years old. Soon, His Majesty will surely entrust you with important responsibilities. Remember what your father said today."
"I will remember my father's teachings."
As Tang Ke said, not long after, Tang Rui was transferred to the Department of Commerce and Information, where he was in charge of verifying the registration of commercial companies nationwide.
This is a very delicate situation.
When Tang Ke was allocating resources to the Duke of Chongguo in the Northeast, he was recalled.
This can also be considered a warning to him.
After the warning, his son was transferred to an important position in the Ministry of Commerce.
At least Tang Ke was deeply moved; the emperor truly treated him as a trusted confidant.
He went to Hetao Road with peace of mind.
Returning to Liaodong, Liu Yanzong felt a strong sense of familiarity.
Although he was a Han Chinese, he was born outside the Great Wall.
However, Liu Yanzong did not come to visit relatives this time.
His very obvious task was to help Li Gang kill all the people who deserved to be killed.
"My lord, why did we enter from the west gate? The south gate is clearly the main entrance."
Li Gang's attendants asked, puzzled.
"The south gate is already blocked by people lining the streets to welcome us. Let's stay away from them; it'll make things easier for us later."
The noble lords at the south gate waited for a long time, but Li Gang did not appear.
But after a while, he met Liu Yanzong.
Many of these people recognized Liu Yanzong, since they had all served as subjects of the Jin Dynasty in the past.
"Liu Yusi, it's been many years. How have you been?" Shi Jian, the eldest son of Shi Li'ai, stepped forward and said respectfully.
"Master Shi, it's been a long time! It's been a long time!"
Unlike Li Gang, who avoided suspicion, Liu Yanzong was very high-profile and enthusiastic.
It perfectly resembles someone who has been away from home for many years and is returning to visit relatives.
"Liu Yusi!"
"Lord Han!"
Several people almost shed tears, as if they were best friends who had shared life and death.
Next, Liu Yanzong greeted the group of noble gentlemen.
Their affection was so intense that anyone who didn't know better would have thought they were sworn brothers.
A little while later, Liu Yusi appeared in the largest brothel in the capital.
He was having a great time.
Those noble gentlemen also served Liu Yusi very well.
However, Liu Yanzong reneged on his promise the very next day.
The next day, the Inspectorate opened a case.
"Arrest everyone who drank with me yesterday! How dare they openly bribe an official of the imperial court!" Liu Yanzong said shamelessly.
So, in the afternoon, the Imperial City Guards searched all over the capital.
They didn't let anyone they could catch escape.
The interrogation then began.
He was originally imprisoned on charges of bribing the imperial envoy, but the severe torture he endured in prison had absolutely nothing to do with the bribery.
After a round of interrogation, he confessed to all the crimes he was supposed to admit to.
These charges are enough to shake the Han and Shi families.
Upon hearing that Liu Yanzong had acted so quickly, Li Gang hurriedly sent someone to fetch Li Chongguang.
"This humble general pays his respects to Minister Li."
"Go and mobilize 20,000 elite troops into the city."
"What does Master Li intend to do?"
"Liu Yusi arrested a lot of people at once, and I am worried that this may pose a security risk."
"Understood, Lord Li, rest assured, I will go immediately."
A moment later, a carriage arrived at the gate of Li Gang's mansion.
In February, Beijing was still covered in ice and snow.
Liu Yanzong alighted from the carriage and was surrounded by a group of guards before entering Li Gang's residence.
He presented a list of people who are currently in prison.
"Liu Yusi acted too hastily."
"Lord Li, you may not know this, but speed is of the essence in war."
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