The way bubbles work is structurally identical to Ponzi schemes—what a coincidence!—and indeed it’s another amazing coincidence how much the entire capitalist economy resembles in its basic structure either a Ponzi scheme or a bundle of Ponzi schemes.
Kim Stanley Robinson
The way bubbles work is structurally identical to Ponzi schemes—what a coincidence!—and indeed it’s another amazing coincidence how much the entire capitalist economy resembles in its basic structure either a Ponzi scheme or a bundle of Ponzi schemes.