The current economy in the first world is a house of cards. It's a huge ensemble of jokers (- representing our top-heavy, too-big-to-fail service-based industry), resting outdoors, precariously, on top of a cheap and unsteady ladder (- representing the globalised primary and secondary industry)... And the winds are picking up, and the rains are gaining strength. And yet we're told that - if we only add some more cards, or some more jokers to the pack in the form of mortgages or personalised debt - everything will be OK. We're so focused on the house of cards, that we cannot see our very precarious position, up the global ladder, in the wind and rain. There is only one way our house of cards service sector economy is going: Down. How can it possibly account for more than 75% of our economy, and continue to be funded by a supply of endless bad debt and cheap non-renewable energy and goods? Gravity will win. Our mainstream politicians and media have effectively become gravity-deniers. They are all mature; old and spent; close to retirement and the economy in Europe, US, and Japan is in much the same state, as the OECD are fully aware and outlining albeit in technocratic bullshit terms. We are living in a system of neo-colonialism and neo-corportism which the first-world states have to partly or wholly subsidise and collude with each other in order to maintain. We say it's the 'free market' but it's more of a fascist market, once you get out of the shallow end.
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