haxxiy on 25 August 2012
While personally I think it would be a stretch to believe, that the western world fucked itself economically so much as to fall to a semi-civilized state resembling Africa's civil wars, I think there's no doubt a price will be paid for fueling 50 years of economic growth with public debt and whatnot.
Honestly in the future people could very well look into the past as ask who was the genius who thought an economy could sustain itself indefinitely by making money out of an abstract concept. This and the fact we believed financial, corporate capitalism, our magic solution for the world's ills, could forever sustain a 4-6% growth when through every period of history nations didn't grow much more than 1-2%.
