Financial avalanches are goaded by greed, but greed is not a complete explanation. Bankers' parasitic behavior, the result of a cultural phase transition, is entirely characteristic of a society nearing collapse. Wealth is no longer created, it is taken from others. Parasitic behavior is not confined to bankers; it also infects high government officials, corporate executives, and the elite social stratum.
James Rickards, The Death of Money, Portfolio/Penguin, 2014, pg. 267.
No comments:
Post a Comment