I've always understood that Western style capitalism rested upon a certain social and cultural underpinning - a rather stiff victorian morality which guaranteed fair dealings, mitigation of excesses through regulation and dynamic response to conditions. Now picture the great economic edifice built upon this bedrock, and ask yourself what happens to it when the power is accumulated but the morals are shed? What happens when moralistic backbone is replaced by "if it feels good, do it" values relativity? What happens if the aggregate morality descends to the point where turning over the keys in an upside down mortgage, or buying a speed boat on a home equity loan and declaring bankruptcy contain no moral taint whatsoever? When the whole thing becomes obviously a giant ponzi scheme with its only real goal to grab as much as possible while the gettin' is good.
Well, we have the current economic meltdown to answer any questions about what such a scenario would look like. It doesn't seem to be a problem tho, the whole world so invested in the system that they seem perfectly content to continue to pretend that the us dollar means anything at all... Moq_Discuss mailing list Listinfo, Unsubscribing etc. http://lists.moqtalk.org/listinfo.cgi/moq_discuss-moqtalk.org Archives: http://lists.moqtalk.org/pipermail/moq_discuss-moqtalk.org/ http://moq.org.uk/pipermail/moq_discuss_archive/
