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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: THE ANT who wrote (79637)9/16/2011 3:26:04 AM
From: elmatador  Read Replies (1) of 219219
 
Financial imbalance is the symptom. The root cause are many other imbalances.

Too many people poor people concentrated in a few places.

Too much people able to work for any money any condition

These two above are facts of life that we can't do anything about. It is the natural progress of human race.

The imbalance is that countries embarked in the Industrial Revolution and other were left behind.

Those who participated in the Industrial revolution got rich benefitting from scientific technical progress.

The rest were left incommunicado, subject to superstition, religions, blind obedience to power that ruled them. Beliefs in the past of glories. Ideologies force-fed down their throat.

Once technical progress and education opened the eyes of the ones left behind, the systems that ruled them fell apart. USSR and Mao China bit the dust.

It happened before exactly a century ago: Collapse of the Qing dinasty, British, Habsburgs, Ottoman and Romanoff empires

They collapsed because the real world had overtaken the institutions that ruled over those peoples.

It is going to happen again.
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