GROWTH IS A PONZI SCHEME. THERE IS AN ULTIMATE DAY WHICH IS LIKE JUDGEMENT DAY WHEN RELIANCE ON FUTURE GROWTH TO FUEL RETURNS TO INVESTORS TODAY MUST COLLAPSE. AND THAT DAY MAY HAVE ALREADY COME. THE EARTH ISNT GETTING ANY LARGER. THE POPULATION CANNOT CONTINUE TO GROW WITHOUT DEGRADATION OF LIFE. ALOT OF OUR SOCALLED ECONOMIC ACTIVITY IS WORSE THAN USELESS — IT IS ACTUALLY KILLING OUR HOST.
IT CANNOT CONTINUE. THE WORD UNSUSTAINABLE HAS BEEN THROWN ABOUT FOR MOST OF MY LIFETIME, BUT STILL THE MEANING REMAINS ALMOST COMPLETELY UNABSORBED BY THE MAJORITY OF PEOPLE IN MUCH OF THE WORLD. THIS IGNORANCE CANNOT INSULATE HUMANITY FROM ITS TRUTH. IF WE DONT UNDERSTAND QUICKLY WHAT HAS HAPPENED, IS HAPPENING, AND NEEDS TO HAPPEN IN ORDER FOR HUMAN LIFE TO BE SUSTAINABLE ON EARTH, WE WILL DISAPPEAR LIKE ONE LITTLE INSIGNIFICANT NUCLEAR PICNIC IN THE COSMOS.
Yes, it is a Ponzi scheme, and has been for quite a while. Every year, every quarter, every company is expected to make significantly more money than last year. That growth has to come from somewhere, and it only comes from one place: productivity improvements. For many decades (or centuries) the West has been increasingly exploiting the less-developed countries to give it high productivity growth (pay peanuts, sell for megabucks). Because western productivity improvement hasn't been high enough to sustain the accustomed levels of profit growth, they shifted more and more jobs from the West to the poorer countries, cleverly taking away the incomes of their customers. So the system propped up growth with the Ponzi scheme of debt, and now that gave out. Then the system propped itself up by shifting the debt from the wealthy to the populace -- thanks, Obama. Now there's just no way to keep up the Ponzi scheme.
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