Updated 5/1/2012: Of all my posts over the past 5 years, this one gets the most consistent hits, no doubt because it becomes ever more relevant with each passing day. So, I am dusting it off and moving it to the top of the list again, as time is running out on the Grand Ponzi...
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.
Showing posts with label mercantilism. Show all posts
Showing posts with label mercantilism. Show all posts
Tuesday, May 1, 2012
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