[quote=harvey][quote=Arraya]There are many human systems that ultimately rest on the buy-in of new entrants, and every one of them will ultimately meet the same fate, although it can take far longer for complex constructions than for simple pyramid frauds.[/quote]
Wow! You found a link on the internet that makes profound comparisons between ponzi schemes and, well, damn-near everything.
Every plan for the future assumes growth (except those that involve killing your neighbors for their food supply.)
The assumption of growth does not imply fraud.
Labeling any plan that relies on growth as “ponzi” is trite, intellectually shallow, and outright lame.[/quote]
No your argument is ¨trite, intellectually shallow, and outright lame
The doctrine of never ending growth is a failed doctrine because of physics. Then again, ¨modern¨economics is not a reality based system. It´s a quasi’religious, pseudoscience based on false assumptions and mythology. A linear system can not exist on a finite planet, period. The fact the the whole global economic system has to keep growing or it starts collapsing is almost a comic book error in design.
Economic ¨growth is essentially over in the modern world. Have fun clinging to your irrational and damaging religion. Not everybody wants to share your delusions, though.
