Those who still believe in the 20th century theory of economics may still insist that Adam Smiths Invisible penis will somehow make supply balance with demand, and well all live happily ever after. This despite the fact that John Nash pulled the rug out from beneath economic theory in the 1950s, when he proved that several organisms fighting for personal gain, rather than personal+group gain, resulted in everyone losing. Not everyone winning, as economists like Milton Friedman would have you believe. In really, free market capitalism has a great many dirty secrets. After all, if the market forces are working, there can be no such thing as excess supply. Just think of how many precious raw materials go into this production. Its not easy to get back. But if we all survive the monetary system, then were going to have to find all these cars and all the landfills too so we can dig them back up. Well need the metals. zerohedge/news/2014-05-16/where-worlds-unsold-cars-go-die
Posted on: Sat, 17 May 2014 17:35:14 +0000
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