Re:The Case for Degrowth
by kaashif on Thursday August 11, 2022 @06:30AM
(#32423737)
The phrase "Ponzi scheme" is misused so much it has become meaningless.
A Ponzi scheme is a very specific type of fraud. Ever-increasing immigration to sustain a >1 worker-to-retiree ratio is more like a pyramid scheme, but one that will take decades or maybe a century to really stop working.
A Ponzi scheme is a very specific type of fraud. Ever-increasing immigration to sustain a >1 worker-to-retiree ratio is more like a pyramid scheme, but one that will take decades or maybe a century to really stop working.