tag:blogger.com,1999:blog-4619357168767443447.post9003878701995687942..comments2024-03-27T12:19:32.094-05:00Comments on Margie's Musings: Ponzi SchemeMargie's Musingshttp://www.blogger.com/profile/11206751037182686016noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4619357168767443447.post-30351116956523952232008-12-18T05:20:00.000-06:002008-12-18T05:20:00.000-06:00That is so true, Nicholas. Trickle down economics ...That is so true, Nicholas. Trickle down economics was a joke with Reagan and it's still a joke.Margie's Musingshttps://www.blogger.com/profile/11206751037182686016noreply@blogger.comtag:blogger.com,1999:blog-4619357168767443447.post-52138608364268000832008-12-18T03:12:00.000-06:002008-12-18T03:12:00.000-06:00If you think about it...all of capitalism is a pon...If you think about it...all of capitalism is a ponzi scheme.<BR/><BR/>Wall Street is little more than legalized gambling, especially when you can put money on futures and sell stocks short. Things I learned in International Political Economy when we had to read the Wall Street Journal and place imaginary money on stocks and see how we fared at the end of semester proved to me how ludicrous the whole stock market system is.<BR/><BR/>The interesting thing is that communism, feudalism, and religious fundamentalism can't compete with capitalism. Its such a corrosive system that no competitive system can compete effectively with it. Thus why Francis Fukuyama boldly claimed "the end of history" when capitalism defeated communism in the early 1990s.<BR/><BR/>However, capitalists forgot one thing. We live on a planet of limited resources. Unlimited growth forever is simply not possible. So, now we're seeing the early disintegration of capitalism as it comes up against environmental factors and overpopulation. We have to transition to a more eco-friendly economic structure soon if we hope to survive.<BR/><BR/>As for ponzi schemes...when are people going to learn that money doesn't "trickle down"...it always gets sucked up to the top!Sansegohttps://www.blogger.com/profile/10499581529539835224noreply@blogger.com