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, May 2, 2016
Printing Money Has Never Been Greater
"...for me. Fuck everyone else..."
"Corporate profits have recovered from the crisis" Corporate profits baselined to GDP
Minimum Wage adjusted for inflation (red line) 2013 dollars:
Minimum wage was higher in 1968 by 50% than it is now...