Ours Is a System of Fraud, Swindles and Corruption

But all bubbles pop, and there are no tricks left to fund both the greed of the few and the needs of the many.

Every society / economy is a distribution mechanism that distributes:

1. Gains

2. Losses

3. Risk

4. The costs of securing the sources of gains.

As a general rule, markets / economies don’t really care who ends up with the losses, and this is why markets / economies are fundamentally pathological structures: the single-minded focus is to maximize gains and minimize costs and losses by di...