The Collapse of Capitalism and the Safety Net of Gold
Although capitalism is not a Ponzi scheme, credit-based economies, sic capitalism, and Ponzi schemes share the same fatal flaw. Both must constantly expand or they are in danger of collapse. Today, because capitalist economies are no longer expanding, but contracting, their continued contraction will lead to collapse...Then this classic...
...The end of such systems has always been bankruptcy. When credit-based economies contract, governments, businesses and families are no longer able to pay the principal and compounding interest on their debt and economic collapse results.
Compared to communism, capitalist markets indeed appear free. Compared to free markets, capitalism is a rigged game.Full essay.