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Good or Bad

November 18, 2017 Leave a comment

While I’m in the middle of a phase of religion bashing I thought it might be a good time to resurrect (an ironic choice of word) the old subject of religion in schools. This has appeared as an issue in the media here a few weeks back, so the subject is topical.

In the past, I have sort of shrugged off the issue saying something like, the young people nowadays are too smart to be taken in by some blatantly transparent myths and are likely to consign religion to the same category of fiction as the Lord of the Rings, or Game of Thrones.

This is no doubt true in most cases. Because, there is certainly reason to think that our civilisation’s childhood, where it relied on ancient traditional stories as a basis for cultural identity, is now starting to reach a conclusion, and we are growing up and abandoning the imaginary invisible man in the sky.

Here in New Zealand the “no religion” group is about to reach 50% of the population. Additionally, as I have said in the past, most people who indicate Christian as their religion on the census don’t really have any commitment to that belief and never attend church, read the Bible, or even really know much about it.

But it’s when previously powerful belief systems are threatened that they can become most dangerous. It’s a bit like a wild animal’s attack reflex when it’s cornered. So we should be especially careful now that churches don’t make a last ditch stand before they are consigned to the rubbish heap of bad ideas like all their predecessors. And maybe even more worryingly, we need to be careful that even worse religions, like Islam, don’t fill the void left by Christianity.

As I said above, most kids will not be taken in by the silly stuff they are taught in Bible in schools. But it is not the well-balanced, sensible, practical majority we need to worry about. It is the out of touch, emotionally and intellectually immature minority which are most at risk.

As I write this I realise that perhaps I have “shot myself in the foot” to a certain extent, because you might make a case to say that it is those who are not coping well who might have most to gain from joining a church and getting extra support and friendship.

I’m sure that there are some people who actually are better off joining a religion, and I have never argued for complete eradication of religion – at least I can’t recall an occasion, although I might have done during one of my more extreme rants! On the other hand, there might be more appropriate groups than a church those people could gain even more from, without the need to resort to superstition.

At this stage it is apparent that I am still conflicted on this subject. Don’t misunderstand, I am totally committed to the idea that religions are fake and have little purpose beyond that which can be provided far better by other knowledge systems (science for facts, philosophy for values), but fake stuff can still have value for certain people.

In the final analysis, this subject is just like every other: it is not a matter of black and white, or good and bad, just like I have so often said in past blog posts. I think that if kids were taught positive philosophical beliefs or given instruction in comparative religion in schools that would be of far more value than simple indoctrination in the dominant religion of the time, but maybe traditional Christian instruction – as along as it is controlled and doesn’t turn into aggressive proselytising – is OK.

Unfortunately the temptation to regress to aggressive conversion – with the threats of torture in Hell for unbelievers, etc – is just too likely according to many reports in the media. So maybe it would be be best just to expel religions from schools because of current bad behaviour.

Well, this blog post has certainly turned out to be one of my most indecisive ever! So, in summary, religion in schools. Good or bad? Well, yes… yes, definitely good or bad.

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Is This Paradise?

November 8, 2017 Leave a comment

It seems that there has been a continuous stream of leaks showing the greed, dishonesty, and utter lack of moral values of the rich elite in society. The latest leak, the so-called “Paradise Papers” is the biggest yet, and although it doesn’t show anything technically illegal (at least not when this post was written), it does show us yet another loathsome exhibition of self-centered and cynical greed.

It’s not the people or organisations who are only just surviving and cannot afford to pay any more tax who make use of these tax havens, it is more those who have so much already that they could afford to pay out far more tax and barely even notice. Yes, too much is never enough for these people. They always want more, no matter what the consequences.

And there are consequences. All around the world people are dying by the thousands every day because health systems are failing. Education standards are dropping because schools are increasingly under-funded. Infrastructure in even the richest countries is failing. And at the same time the Queen of England, Apple, Microsoft, Google, and all the other usual suspects have so much spare cash they barely know what to do with it.

Is this what we signed up for when we gave tacit approval for modern capitalism to control our lives? I don’t think so.

When we are told that people are dying on waiting lists because there is no money to treat them in hospitals, I say that is a lie. The money exists but it is tied up in dodgy deals in Bermuda. The rich are almost literally murdering people every day because of their grossly offensive need to have more. No matter how much they have it is never enough, and no price is too much to pay for more, as long as it is not them who has to pay it.

It is a truly immoral and disgusting system we have in place. But to add insult to injury, it is even worse when we acknowledge how widely supported this is, even by those who are the most disadvantaged. Because as well as being skilled in the fine art of greed the ruling elite are also masters of propaganda!

So let’s have a look at some of the arguments they use to justify the situation we find ourselves in.

1. The rich earned their money and they deserve to keep it.

It is rare for any rich person to have actually done anything to earn their wealth. Most wealth is generated by investing in profitable deals. This might be currency trading, investing in a new company which has become successful through its creator’s hard work, buying property then gathering rent. Do these sound like worthwhile activities which should be rewarded with millions or even billions of dollars per year? If you think so then you really should reconsider your moral standards.

2. The rich pay taxes according to the rules, just like everyone else.

Everyone, the rich included, must know that the rules are easy to avoid if you can afford to pay for enough expensive but unethical lawyers and accountants. Even if it is possible to bypass tax laws the rich don’t have to do that. They go to extraordinary lengths to avoid paying tax and they must know that it is bordering on illegal. If they have so much already what would be the harm in paying a bit more tax and making a fair contribution to society?

3. Big business must be encouraged because it provides a lot of jobs.

But does it? Let’s look at an example. A new branch of McDonalds opens in my street and provides work for 5 to 10 people. Isn’t that good? Well, superficially it is, but what is the overall effect of big companies like McDonalds? How many small food outlets close because they cannot compete with the big multinational? I suspect that over the long term far more people lose work than gain. The same applies to big retailers, and every other form of business.

4. Without big business we would have no innovation.

This is clearly untrue. There are certainly some examples where real innovation has come from private business (Xerox and IBM come to mind) but only in a tiny minority of cases. The real progress on the cutting edge of science and technology is coming mostly from universities. Sure, companies like Apple are very good at taking the new technology and turning it into sometimes quite spectacular products, but this isn’t true innovation. Big companies seem to gain new technology more through acquiring new, small startups than doing anything genuinely new themselves.

5. Anyone can join the rich if they just put in the effort.

Well this obviously isn’t true because there is only a certain amount of wealth to be distributed. And when the top few percent have more than everyone else put together, there will obviously always be an inequitable distribution. There are people in all modern countries working far longer hours than most CEOs yet making barely enough to survive. Effort has very little to do with it.

6. The current situation is the natural result of free markets and we can’t change it.

Well markets aren’t free, they are creations of governments. If you think a system where the vast majority of people who are poor pay for an infrastructure that the rich then exploit is an example fo a free market then I think you need to re-evaluate the meaning of the word “free”. And even if the market was free, so what? If it brings the gross inequity we see today I say we should forget about free.

7. Since the world adopted a market economy the majority of people are better off.

This is a difficult one to evaluate but I would say that many people actually aren’t better off compared with how they were under the less extreme economic system of 50 years ago. Also, most of the improvements in life today – such as longer lifespan, better communications, better treatment for disease, etc – comes from science and technology, not business. Again, it’s not as simple as saying the corporate world has had no positive effects on society, it’s more that the benefits often quoted are deliberately over-stated.

But why am I bothering? There should be no surprises in this latest leak. Most people already know how the world works: how the poor subsidise the rich, how the rich are immune to the rules which control the rest of us, how politicians are “owned” by corporations. We all know this, but still it continues, in fact it gets worse.

Well, changes do happen and often quite unexpectedly. I don’t remember the fall of the Soviet Union (another grossly corrupt, yet powerful entity) being predicted by too many people, yet it happened suddenly and rapidly. The same can happen to the current extreme form of global capitalism.

And even if nothing happens I still need to blog about it. It is sort of a cathartic mechanism for me. The indignation and disgust I feel when I hear about the latest excesses of the ultra-rich must be assuaged in some way, no matter how ineffective it might ultimately be.

As I have said in past blog posts: bring on the revolution!

Child or Picasso?

October 16, 2017 Leave a comment

I love thought experiments, and I’m in pretty good company because so did people like Einstein! If you don’t know, a thought experiment is a way to test an idea by applying logic to it through pure thought. It often leads to new ideas (as it did for Einstein in developing the General Theory of Relativity) which might then be tested with experiments in the real world.

So General Relativity is an example of where a thought experiment was used in physics, but they can also be used in other areas, such as philosophy. In previous posts I have talked about the famous “trolley experiments” (originally in “More Morality” from 2007-11-27, and “Would You Press the Button?” from 2013-07-16) which are probably the most well known thought experiments in the area of ethics, and I have a few more in that area I want to discuss in this post.

This is interesting stuff but you have to go from one point to the next honestly. So let’s go through some of these experiments. Here goes…

Philosopher, Peter Singer, likes to challenge his students with the following question: “I ask them to imagine that their route to the university takes them past a shallow pond. One morning, I say to them, you notice a child has fallen in and appears to be drowning. To wade in and pull the child out would be easy but it will mean that you get your clothes wet and muddy, and by the time you go home and change you will have missed your first class.”

Unanimously, the students say they are morally obliged to rescue the child. He then asks, “assuming you could still perform the rescue, would the distance to the pond, or the nationality of the child matter?” The vast majority say no, they are still obliged to act to rescue the child. He then points out that a similar “rescue” could be achieved with very little effort in time or money by donating to a charity, like Oxfam, who are concerned with saving many lives every day.

Yet few of the students do this. Why not?

Now imagine a burning building with a child trapped inside. You can rescue the child relatively easily, and almost everyone says they would. But there is also an extremely valuable Picasso painting in the house which you will get a $1 million reward for. If you remove it from the fire you won’t have time to rescue the child as well. What should you do? Almost everyone would value the child’s life more and rescue her instead of the painting.

But what could you do with that $1 million? You could save hundreds of lives by donating it to charities, such as the one which provides mosquito nets in Africa. Still, most people would save the child instead. Also note that, if you did do the “logical” thing and saved the painting in order to help thousands of people later, you would probably be charged with a crime for not making a reasonable effort to save the child, as well as suffering the contempt of your friends and family!

But now imagine the building had two rooms. The first room contains the child and the painting, and the second has 5 children. If you grab the painting from the first room and ignore the single child, you can use the painting to prop open the door to the second room and rescue 5. Do you grab the painting then? If you do, what is the difference between doing that and taking it for the monetary value which could be used to save far more than just 5 lives later?

Finally, consider the burning building again. Behind the painting is a lever which releases the 5 children in the room next door. Do you ignore the single child, remove the painting, and activate the lever? Most people would. What about if the lever, through a complex mechanism, activated a food distribution system in Africa and immediately saved a thousand lives? You might still use it. And if the mechanism had a delay of 6 months before the lives were saved? Well maybe and maybe not. And is that any different than distributing the funds from the reward for the painting? In the final analysis, no, but most people treat it as if it is.

It should be clear by now that people’s ethical choices do not depend on a logical treatment of the facts involved in a particular situation. Not only do most people ignore the possibility of making a much more significant contribution later rather than a lesser one immediately, but they also treat the directness of their action as a major factor, rather than the final outcome.

Consequentialism is a philosophical doctrine which states that the best course of action should be judged by its final consequences. Superficially this seems to make sense, but no one can follow this in the real world. And if they tried they would very likely be condemned by others. Not only that, but trying to analyse the options available in a situation like those mentioned above would probably result in a paralysis of uncertainty to many people.

Maybe it’s just as well we act on immediate instincts rather than a careful analysis of the situation we find ourselves in. No philosophical system, including consequentialism, can really answer these questions. And although the answers are usually not obvious there is a significant amount of agreement in what people would do.

Decisions like this are a complex combination of logic, emotion, and social conditioning. And that’s OK, because the end result is usually fairly reasonable even though they make no sense. General Relativity thought experiments are so much easier!

Too Much of a Good Thing

October 11, 2017 Leave a comment

I would broadly classify my political views as liberal left but, as you will be aware if you follow this blog, I have drifted away from a conventional view of that type and increasingly disagree with other people in that particular political camp.

I’m not suggesting at all that I have become a conservative, and when I do political surveys I seem to be just as far left as ever, but I do have difficulty with one area where the left have become intolerable recently: that is in their excessive political correctness.

I have heard the claim that there is no political correctness, just correctness, but this is total nonsense. The views that political correctness supports are all very much a matter of opinion and could easily be argued both ways. For example: is affirmative action just another way to treat one group unfairly in comparison to another? Does it simply create another instance of the problem it is supposed to solve? Even if you are a strong supporter of affirmative action you should at least admit that another interpretation is possible.

But that’s not what happens. In various environments where the PC left rule, even suggesting that an officially condoned measure, like affirmative action, might not be fair or reasonable automatically makes you the enemy and liable to a totally mindless barrage of abuse regarding what a “bigot” or “sexist” or “racist” you might be.

It has got to the point where I welcome those labels, because if you have to be a bigot, sexist, or racist to speak the truth, then that’s just what I will need to be.

But that is an example of another phenomenon the left are guilty of: concept creep. Originally to be a racist (for example but other insulting labels are equally relevant here) you would need to exhibit some fairly extreme behaviour, such as refusing to socialise with another racial group, or actively trying to stop that group participating in society, etc. But now all you have to do is suggest that the same group shouldn’t get extra privileges that others don’t get.

In fact it is the other side who are really the racists. I want everyone to be equal. And I know the argument that to make some groups equal they need extra help. Fair enough, but I disagree. But let’s have a reasonable discussion about this instead of just getting abusive.

The problem here is that by not being reasonable the left actually reduce the potential effectiveness of what they want to achieve. Many people are sickened by the ridiculous political correctness they espouse and that just drives them more to the right (it’s happened to me and to many others).

So it’s like too much of a good thing. Getting equal rights for everyone is good, but by giving extra rights to a group who, in the past were disadvantaged, they go too far and negate the good work already done.

And the failure to engage in reasonable debate about a contentious subject indicates to me that they maybe haven’t thought about it too carefully. I enjoy debating my beliefs because I am confident I can defend them, and if I can’t defend them that suggests maybe I was wrong and should change what I think is true. This is a healthy approach to arguing these points, but it’s not one you see very often from the PC left.

The underlying phenomenon powering this set of beliefs seems to be defending marginalised groups. These groups would include non-whites, women, LGBTQs, the disabled, and Muslims. That is OK. If certain groups have genuine disadvantages let’s try to fix that, but don’t go too far.

These groups should still be open to scrutiny and it should be OK to criticise them when it is appropriate and when the criticism is true. And this word, “true”, seems to be one the left are completely oblivious to.

So if I criticised Muslims because surveys show a large percentage of them partially or totally support some of the violence perpetrated by Islamic extremists, then answer that criticism. Show me why it’s not true, or justify it in some way. Don’t just call me a bigot.

And if I say a lot of the rhetoric created by the “Black Lives Matter” cause is nonsense because, in proportion to the number of crimes involved, blacks actually aren’t targeted by US police to any significant extent more than anyone else (despite there being a few clearly racist cops) then show me alternative statistics which show I’m wrong, or explain why the stats aren’t fair. But don’t just call me a racist.

And if I say that it is girls and women who are by far getting the best outcomes in our education system now and, why do we need to create new programs to make this advantage even greater, then show me the facts that counter this idea. But don’t just call be sexist.

But people very rarely even attempt to come up with points to counter mine, because they don’t know them. My opponents just follow an ideology because that’s what they hear in the politically correct echo chamber they live in. When they do see an alternative view their only reaction is pathetic name calling.

There are points which can be made to counter all three statements I made above, but I don’t think they are very compelling. But a person from the PC left stating those points really well might convince me I’m wrong. But that’s just not what they do.

Until this behaviour ends, the left are doomed I’m afraid. We’re just going to get more of the sort of politics that elected Donald Trump. That was mainly the fault of the left being completely out of touch: of refusing to criticise Muslims, of treating police actions unfairly, and of making the presidential campaign a feminist contest, which they lost.

So to anyone on the left still reading this, please take notice. Your excessive political correctness is just destroying your own opportunities to convert more people to your ideals. Do what you think is right, but avoid too much of a good thing.

The Least Bad

September 22, 2017 Leave a comment

It’s general election time again here in New Zealand, and although we don’t have much of the incredibly tedious, sanctimonious claptrap of some other countries, such as the US, it is still starting to get a bit annoying, especially the tendency for using “alternative facts” by the right.

But I do have to say that in other ways it is quite an intriguing contest, because the polling seems to indicate a lot of uncertainty over the preferred major party in the next government, whether the minor parties are worth voting for, and who would make the best prime minister.

I tend to look on the democratic process as a sort of interesting sociological event which can be observed a bit like an anthropologist would watch some primitive rite carried out by a stone age tribe from the depths of the rainforests of New Guinea. In other words, it’s hard to take it too seriously, and even if you could it’s best not to if you want to retain your sanity!

In fact, everyone I have talked to so far is extremely cynical about the political system we currently have. This attitude is reflected in real statistics too. A poll conducted a few months ago indicated a great deal of disenchantment with politics in general (this was before we got the new Labour leader whose promotion might have improved people’s view of politicians a bit).

Here’s a few of the findings from that poll…

The majority of people polled think the economic and political systems are rigged against them. Also, women and those earning less are even more likely to consider the system broken.

Less than half (45%) disagree with the phrase “the country is in decline”, 25% agree with it, and 30% are neutral.

Over half those polled (56%) say traditional parties and politicians don’t care about people like them. And 64% think the economy is rigged to advantage the rich and powerful. But just 50 per cent of people want a strong leader willing to break the rules.

So it seems to me that most people see the current system as defective at best and a complete failure at worst, but they clearly aren’t sure what to do about it based on the figure of only half wanting a strong new leader capable of pushing through change.

And that is fair enough, because past experience with change does not exactly inspire confidence. The last time we had a strong leader determined to push through major change here in New Zealand was 1984. Yes, that ominous year was when a neo-liberal inspired Labour government pushed through massive changes which are only being corrected now, almost 35 years later.

And Donald Trump could be seen as a strong leader determined to force change on the current system, but most people are concerned about his actions (to say the least). I don’t partake in the mindless bashing of Trump that many others do, but there is a lot to be concerned about there.

Having a strong leader is not always a good thing, because strength is only beneficial when it is connected with knowledge, honesty, and fairness, which Trump is sometimes lacking. In fact the worst thing possible is a strong leader with bad ideas!

So it almost seems hopeless. People don’t like the system as it is, but they are (quite rightly) afraid of change too. Maybe we are trapped in a no-win situation.

But that’s not to suggest that participation in the political system is pointless. Not all of the options are equally bad, even if none of them are absolutely good. Voters need to be realistic and remember that voting for the least bad party is better than not voting and effectively giving an advantage to a party you might support less than others.

So we should just be realistic and realise that, unless we are a member of the rich and powerful elite, we cannot really win in any meaningful way, we should just choose based on how we lose the least.

It’s rather unfortunate that our current systems don’t give us the freedoms and other benefits they promise. But the sooner people realise what the true situation is the sooner they can make meaningful choices about how to make it better. And don’t take it too seriously!

Laugh about it, shout about it
When you’ve got to choose
Every way you look at this you lose…

Forget About Growth

August 23, 2017 Leave a comment

I recently read a brief report on how an individual could make the greatest contribution to minimising climate change. This has been a controversial subject for many years now but the need to act is now more accepted.

So it seems that the world is gradually coming around to the idea that climate change is real and – even more gradually – to the idea that we need to do something about it. Even Donald Trump’s latest opinion is that is something that needs to be acted on, but he would prefer not to it through Paris Agreement.

So people who don’t accept climate change as real are probably increasingly irrelevant, and the discussion on what to do about it is where the real conflict now happens. Unfortunately it is now too late to fix the problem relatively painlessly and only difficult options remain. So the people who refused to accept reality in the past have now got us to the point where they now don’t want to act because it is too hard, but that is only because of their past obstructiveness.

But this post isn’t primarily yet another lecture on climate change. I like to tackle the really big subjects so this goes beyond the biggest problem facing modern society and looks at the cause of it, and most of the other major problems we have.

Getting back to the report: it listed several actions an individual could take and showed how many tonnes of CO2 emissions per year that would save. Upgrading to low energy light bulbs would save 0.1 tonnes, recycling would save about 0.2, going vegetarian about 0.5, buying only green energy 1.5, avoiding a trans-Atlantic air trip 1.6, and having one fewer child 60 tonnes.

The methodology used to generate these numbers could be debated, but the overall message is still relevant: that the real source of most of our problems is that there are too many people! When having one less person in the world saves six times more CO2 than all the usual energy saving efforts combined this should be obvious.

There is nothing inherently wrong with burning fossil fuels, we are just burning too much. A certain amount of rain forest clearance is sustainable but it is just happening too quickly. The environment can cope with some level of pollution but not the levels we generate now. Famine primarily happens because there are too many people for what the land can produce in food. Many conflicts happen because populations exceed the levels a country can cope with.

I can remember that a few decades back population control was one of the most commonly discussed issues in environmentalism but now it is hardly heard. What has changed?

That’s hard to know, for sure, but I think a major factor is capitalism’s constant need for growth. We have seen this everywhere. Unless business is growing we have a recession. The idea that the economy might have reached a point where is it sufficiently healthy and we don’t need any further growth just seems impossible to contemplate.

Growth in itself isn’t always problematic – although it often is – but the way that growth often happens is. Here in New Zealand it has mainly been achieved through increased population . We keep hearing that our economy is healthy and growing but, of course, it isn’t. Measures, such as per capita GDP, which calculate the economic contribution for each person, have not changed, and some have actually gone backwards.

So there is no growth except in population, and increased population is causing many social and environmental problems, including poverty, homelessness, and traffic congestion.

New Zealand has a small enough population that even quite significant percentage increases can be absorbed without causing a total disaster, but the same phenomenon in other countries which already have large populations is a bigger problem, and each country affects all the others.

Water pollution is a major issue in New Zealand. Why do we have that? Because we have too many dairy cows, and the reason we have those is that there is a good market for milk powder to feed all the Chinese people who are suddenly participating in the global economy. And the effects of overpopulation is much worse in India and some other countries.

We have too many cows because farmers can make more money by cramming more cows into land which previously was not used for dairying. They are prepared to do this while destroying our environment because, in capitalism, too much is never enough.

There are other causes of overpopulation, of course. I have already blamed capitalism so you might not be surprised to hear the next culprit I will accuse is religion! There is no doubt that religious beliefs such as an aversion to birth control and a need to have large families to increase the number of members of your particular church are a problem (yes, I’m talking about you Catholicism and Islam).

And to make matters even worse, the increased birth rate because of this is often in exactly the countries which are already struggling with famine, civil war, and other significant issues.

We need a bit more rationality in this world. I don’t mean I want to have everyone walking around like robots or Mr Spock, I just mean we could do without the more extreme cases of irrationality which cause a lot of harm to society in general. And the pursuit of growth for no good reason would be a great place to start.

A Ponzi Scheme

August 14, 2017 Leave a comment

Everyone has heard of Ponzi schemes, right? If not, here’s the dictionary definition: a form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. It is named after Charles Ponzi who set up elaborate money-making ventures based on the system in the early 1900s.

Typically the first few people involved in the scheme promise to pay huge returns to the “investors” and when these are demanded they are paid from the initial investments made from other investors. It can never last, of course, but the original perpetrators usually try to get out before it all turns bad.

A related scheme is known as a “pyramid scheme”. In these the early “investors” are paid a fee by those they recruit and a lesser amount by those the recruiters recruit, etc. It works as long as new people are recruited, but the “deeper” into the scheme you are the less you will get and the more you will be paying those at the peak.

A unique feature of these schemes is that the organisation or individual running the scheme doesn’t actually need to do anything apart from run the scheme. They don’t need to sell anything or provide any service, for example. The scheme is entirely about shuffling money from one place to another (generally from the “suckers” who sign up late to those who were involved in the initial setup of the scheme).

As we all know, there are some pyramid schemes which also sell products (I’m sure we can all name some) but that is more or less just a cover for the dishonest underlying structure.

I was thinking about this recently and realised that there are many aspects of our modern economic system which make it look like just another Ponzi scheme. The economy only works well while there is “growth” or “increased efficiency or productivity”, yet these aims are totally unsustainable in the long term, and even during the short period that they are sustainable they are often undesirable.

In New Zealand a major election issue is immigration. New Zealand allegedly has a healthy and growing economy – and some stats support this view – yet the vast majority of people don’t feel as if they are doing well. How is this possible? Well basically it gets back to the fact that this alleged “growth” we see in our “rock star economy” is all fake. It is primarily due to increased population, provided by immigration, and no real progress has been made at all.

Unfortunately for the politicians supporting this scheme, it cannot last. Like most rock stars our economy will crash and burn when the excesses of its existence overtake any worthwhile contribution it is making. Eventually everyone will realise they are just being ripped off by a giant Ponzi scheme. But by that time the people in government who have created this situation will probably be gone.

Of course I should point out two things here. First, a pyramid scheme is probably a better description that a Ponzi for the economy, but Ponzi just sounds cooler so it better serves my rhetorical narrative; and second, the economy isn’t a pure Ponzi or pyramid scheme and almost everyone would admit that it works well in some ways.

Despite the obvious and numerous faults in capitalism, for example, it does produce the goods and services the First World needs to maintain its lavish lifestyle. As I have pointed out many times in the past, the system is grossly inefficient, poorly focussed, and generally corrupt, but I would never claim it doesn’t have some good points as well, especially for the original investors in the Ponzi or the people at the top of the pyramid (AKA the 1%).

But it will fail because indefinite growth is impossible and because the 99% who support the people at the top of the pyramid will eventually catch on to what’s really happening and rebel. It’s not a matter of if, but when. Like all Ponzi schemes it will fail and it will probably happen through catastrophic collapse rather than a careful restructuring.

When it happens it won’t be pretty, just like poor old Charles Ponzi’s slow and painful decline and death after all his wonderful and elaborate schemes failed.