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.
Tuesday, June 9, 2015
A False Sense of Entitlement Makes This All Seem to "Work"
Those of us who see Globalization for the charade that it is, understand that without the tacit cult of superiority, this colossal human disaster could never work.
"We" assume that "they" are inferior, hence they deserve their fate, working in the sweatshops that make the consumption oriented lifestyle possible.
"We" also assume that we are entitled to ever greater amounts of material gratification while they remain mired in abject poverty. That was the fateful lesson from 2008 that was totally ignored.
That false sense of entitlement and false sense of superiority is going to come at a steep price. As a society we never questioned the root cause of their poverty, because we were too busy monetizing it. And now it's monetizing us.