Mar 22 2009
∞
“ The fact that the speculative economy for cash and commodities accounts for over 95% of economic transactions, while people actually using money and consuming commodities constitute less than 5% tells us something important. Real supply and demand have almost nothing to do with prices. We do not live in an economy, we live in a Ponzi scheme.
— Douglas Rushkoff, in a rather scathing, yet uplifting article about the ecomony and how he thinks it deserves to die.
