- Joined
- Dec 26, 2003
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- 9,353
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- #31
And this global breakdown risk is why they will eventually suck it up, go eurobonds and commit to 50 years of economic stagnation.
I'm not sure that will help in the long run. I read an interesting article about the fall of the Roman Empire that didn't cite the usual Barbarians etc. but instead laid the blame to the gap between rich and poor growing too large. People at the bottom became disenchanted and gave up on aspiring to become citizens and the whole thing crumbled.
If the elite dont start acting differently they may see their house of cards collapse.