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, June 19, 2016
Globalization: The Triumph of Capital Over Labour
"They were not the sharpest tools in the shed by any measure..."
"It's called smart beta, you wouldn't understand it"
