MarketWatch:
"Some economists argue that the economy has just been bubble after bubble and that we’re doomed to repeat this cycle"
Greenspan: "Well, I agree with that"
The only word for this is, SAD.
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.