Money is as pervasive as the air we breathe. It governs every aspect of our lives: where we work, where we live, how we live, how long we live. It consumes our thoughts, focuses our ambitions, colors our dreams, sparks our disputes, and stokes our anxieties. It’s here, there, and everywhere. No wonder it is […]
Tag: Ponzi
HOW CAPITALISM IS LIKE A PONZI SCHEME
In the Ponzi and Madoff schemes, participants were promised a generous monetary return on their monetary investments. In the capitalist version, the investment is not money, but labor. As individuals invest their labor in the production and distribution of goods and services, they are paid wages that enable them to purchase and consume the goods […]