As I wrote before, capitalism is a pyramid scheme – to survive it needs to grow or to borrow. In the current economic climate many organisations are trying something else; they are trying to squeeze “more from less”. Where does this approach come from ? “Faster, better, cheaper” became fashionable in organisations after Daniel Goldin… Continue reading more from less
Tag: pyramid scheme
capitalist democracies
Europe is in financial turmoil. The debt crisis has taken hold, Greece and Italy have national debt problems. Both are struggling to apply austerity measures. Italy has has its debt rating reduced so it will cost more to borrow. And here I am in Switzerland which is suffering a little from the high franc but… Continue reading capitalist democracies
capitalism is a pyramid scheme
There is a lot of discussion on television about money and debt and whether or not Italy will default on its national debt or be bailed out by the IMF or whatever. What they need is an eight-year-old kid to sort it all out. Even an eight-year-old can understand basic finances. If you spend more… Continue reading capitalism is a pyramid scheme