The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.
Monday, August 6, 2012
Spectacle 2012: Peak Denial
What good is a collapsing global financial system without spectacle to distract the masses from the catastrophe unfolding in plain view. Something for everyone...except reality of course.
But we have to thank politics for giving us our best spectacle of 2012 - Robama v.s. Obamney. The world breathlessly awaits to see which of these Harvard drones will be chosen as the face and voice of the 14,000 special interest groups operating in D.C.