Thursday, February 18, 2010

Is the global economy a Ponzi scheme?

 by Joe Romm from Climate Progess.  The "we" that the article blames for this problem seems to be deflected onto the human race, instead of on a system created by a relatively few sociopaths who are addicted to wealth and power--the capitalist ruling classes. However if Tom Friedman, capitalism's media rep, is getting worried, there might be reason to hope.
By enriching those who did the most plundering the most, we enabled them to fund lobbying and disinformation campaigns to convince substantial fractions of the public and media that there is no Ponzi scheme — that global warming is “too complicated for the public to understand” and nothing to worry about.