RE: Relax, Everything Is a Ponzi Scheme

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Relax, Everything Is a Ponzi Scheme

in money •  7 years ago  (edited)

It's extremely interesting and scary that capital no longer has an intellectual component. It seems like in todays environment all you have to do to be a billionaire is have access to the credit markets. At that point you can borrow money so cheaply you can literally buy an entire industry cough warren buffet cough.

Most industries have become moot, ineffective, and dormant. The banking sector profits from this beautifully.

All of this can easily be summed into simple terms; we don't have capitalism anymore. The country is teetering on the verge of fascism, if we haven't arrived there already. And we all know how sustainable that is.

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Yeap, more or less useless corporatism. Fancy empty suits circle jerking.