As we move into the craziness that is Christmas, i’ve been reflecting….
It seems to me that the current economic dogma we find ourselves in is one great ponzi scheme.
We appear to be in a cycle of belief in perpetual growth expectations. Growth driven off consumerism… you borrow more to buy more stuff so more people can stay employed and of course buy more…
The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme.
Substitute higher returns for perpetual growth, what do you get…. one is wrong the other dogma
Isn’t this systemically flawed? We live in a finite world that we are either depleting or damaging at an alarming pace..
There is ample evidence that consumerism makes us less happy… so why do we stick to it? Why not adopt a more sustaining and fulfilling dogma?