who'd a thunk it ?
Have the highest birthrate in the world, and are spreading their wonderful culture everywhere. They seek a higher material life of prosperity, and they will want a much larger share of the worlds natural resources, and a nice load on the environment with their new carbon footprint.
I look forward to all developed countries being overwhelmed with their new communities, their crowding of our schools, and the chance to learn about the Koran every 10 minutes or so when I'm in public.
Life is good, because I believe in multiculturalism above everything else.
Lots of disaster scenarios are possible, I agree. But there may not be a cataclysmic moment, it may be more of a slow death lasting a decade or more, where some intelligent planning could be done by the wealthy to ensure their comfort and minimal inconvenience.
It might be just the kind of natural solution to cure our population problem. Average temperatures of 120 degrees could help eliminate 80% of the world's marginal people. Then in a hundred years, the CO2 levels return to normal, and life goes on.
Because American capitalists opened up Asia for manufacturing the world's goods. Asia then ran with it, building the fastest growing, most polluted millions of square kilometers of land in the world.
But if we asked them to stop, something tells me Asia would laugh at us now.
Modern markets are driven by global capital seeking return, not by domestic economies functioning in healthy sustainable ways. There is an excess of such capital, built up from wealth concentrations and from money fleeing regions with political and financial instability
dun, simple one, are you saying the Fed would be surprised if the Government debt it bought wasn't paid back, and they had to write it down to 0 ? Nothing happens, nothing is lost by anyone.
The main planks of the Republican platform are jobs outsourcing, military support for global corporations, and pushing the tax burden onto those least able to pay.
I find it almost impossible to take someone seriously unless their handle is something like fart control.
and a chess program running on it could beat Einstein virtually every time.
There is no future economic value in human effort, there is just the hustle of exploitation.
Its just a huge wall we've run into as human civilization, and nobody has a viable solution.
I can see only two viable outcomes ....
1. Eugenics based severe population controls
2. Restructuring into Post Capitalism where citizenship doesn't have a rigid employment component.
Nobody wants either of those things, so they will both come and resist each other until civil unrest settles it.
Just as plausible lies are the operating lubricant for modern politics, Fed supplied riskless liquidity is the lifeblood of elite class asset markets. Timeless, brilliant, and effective beyond imagination.
You and Pud should team up for a essay on market rationality among the smartest and richest elite who already control most assets. Should be a hoot.