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.
Sunday, May 15, 2016
Locus of Implosion
These are the sectors that have a headstart on meltdown... (It would be faster to list the sectors not already in full fledged meltdown, you know utilities, cereal, diapers, beer, JnJ, Facebook, Lockheed Martin)... Transports