The really-existing global financial system, a.k.a. Capitalism, is a different matter.
We were talking about an intergenerational transfer system. You could have such a system under socialism. On Fri, Aug 13, 2010 at 7:55 PM, Jay Hanson <[email protected]> wrote: >>Max Sawicky >> >>A Ponzi scheme is inherently unsustainable, doomed to blow up, >>because of the imbalance between payouts and in-go. > > Max, a growing number of people are saying the same thing about our economy. > In fact, a few weeks ago, one of my list members, who just got his PhD, > called the global economy a Ponzi. I agree with him for the reasons you > give: "imbalance between payouts and in-go." > > Jay > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
