As above so below

On earth as it is in heaven.

Excuse me while I ramble.

Every time I hear economists talk on TV (besides that wonderful breath of fresh air Peter Schiff, who predicted ALL of this years ago), they talk about how positive actions (like saving) taken on an individual level can have a negative effect on a national level. "if everyone saves, then the economy will collapse"

How can such a system even exist? It's inherently unstable on the most basic moral and philosophical level. Individual vice for common good is a fallacy.

Unless of course we don't actually live in a "free" market system at all and haven't ever. When you look at the big picture, not as a capitalist system, but as a feudalist system, then it all makes perfect sense. We have a large number of consumers (serfs) who sacrifice on an individual level (spending beyond their means and suffering longterm consequences) so that the parasites on top (lords) reap the benefits.

The real tragedy is that people mistake this joke for capitalism.

Keltoi