Earth Overshoot Day is a hugely popular way to highlight our global environmental impact. Here are two views on it…
Andrzej Krauze
CHARLES PONZI is unfairly blamed for the Ponzi scheme, a scam in which you rob Peter to pay Paul. It’s yet another gender bias in history, because fraudster Sarah Howe predated Ponzi by at least 40 years, swindling Boston ladies.
Later, Bernie Madoff took the Ponzi crown – he relied on new investments to provide “returns” to earlier investors, taking from the future to pay for the present.
In fact, even Madoff has been outdone: our current economies are running the largest Ponzi scheme ever. We are using Earth’s future resources to power …
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