Saturday, January 16, 2021

Stock Market Wealth And Environmental Depletion And Poverty

 One day the foolishness of pumping up stock markets, inflating certain assets, generating huge amounts of debt, recklessly printing money, ensuring money keeps pouring into stock markets and certain other assets without regards to how this ultimately gets played out, will fully be seen. 

In the span of mere decades, glorious rain forests, magnificent coral reefs, and more have been turned into ruin. No matter how impoverished the environment continues to become, creating poverty for hundreds of millions of people, the illusion continues that wealth is being created. If only a fraction of the energy, research, effort and money that goes into stock markets went into things more meaningful and of more consequence, this world would be a better place.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.