I have had readers make the point that if the whole edifice was built only on an illusion of wealth creation, then how come there was so much prosperity for the last few decades? The answer to that is horribly simple. We expropriated and wasted not only such real wealth (production) as there has been in the present times, but we wasted the accumulated wealth of all the preceding generations, and finally (and most disgusting of all) we then went into vast debt and consumed the wealth of future generations.
"Once I had mountains in the palm of my hand
And rivers that ran through ev'ry day
I must have been mad
I never knew what I had
Until I threw it all away." ~ Bob Dylan (I Threw It All Away)
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