Global Research’s Helen Brown sums up the debt-based (fiat) economy’s basic building block, the Ponzi scheme (one of which is the American national health care ‘scheme’), which is “a (financial) pyramid in which earlier investors are paid with the money of later investors rather than from real profits.”
We are now aware of the fact that there are no new contributors to pay the Baby Boomers their ‘profit’ on their investment in their future: The Baby Boomers didn’t make enough new babies to expand the pyramid’s base.
Brown continues, “the perpetuation of the scheme requires an ever-increasing flow of money from investors in order to keep it going. “
My argument is that investors in Capitalism were taken for a three-hundred-year ride because no one ever thought about the consequences of the original growth driver, the fuel of population expansion, ever running out.
Those who did understand that ‘capitalized’ on the situation, and still do.
Well, we have now literally run out of gas and we no longer have any fuel for Capitalism coming up the pipeline so it’s collapsing and we need someone to blame.
Blame allocation, however, is a bit like one of the drug rehab phases, something you have to go through but the sooner you’re out of it, the better; so it may be fun for a couple of weeks to pillory guys like Madoff but they don’t really count in the long term, they’re just opportunists who would profit from any situation and suffer the same consequences when it went wrong – maybe Madoff will visit crowbar hotel, maybe not, depending on whether his company was a fraudulent Ponzi scheme or just another hedge fund gone bust – the tax implications are totally different: if a Ponzi scheme, the government makes good the losses, hence the “Hey! I’m guilty!” plea without any charges against him.)
It is therefore imperative that we now look very closely at alternative economic systems and not just theoretical systems that look really good on paper, but systems that are already up and running successfully – that work – like the Small, Medium and Micro Enterprises (SMMEs) that were created by the millions of middle managers who were put out of work by computers in the eighties, and the myriad small communities all over the world that are self-sustaining: Simple, sustainable supply and demand works. Marshall McCluen’s thinking was on the button, just way ahead.
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