28 Jan 2009

It makes sense really.

There's quite a lot of stuff in newspapers at the moment crediting (excuse the pun) certain people with predicting today's economic badness. Often, the articles end with a phrase like "And NOBODY listened..." Well of course they didn't. To illustrate why, I've created this (using my 'N' grade in A Level Economix)...

People borrow money to make stuff
\/
People buy the stuff
\/
Banks have confidence
\/
Banks lend
\/
People borrow money to make stuff
\/
Top Hats all round [well, as far as anyone cares]

BUT - imagine what would have happened if we added gloom to this:


People borrow money to make stuff
\/
People buy the stuff
\/
Someone introduces the concept of DOOM
\/
Banks lose confidence
\/
Banks don't lend
\/
People don't borrow money to make stuff
\/
The Top Hats are flipped upside down with 'Please help us Mr Taxpayer' written on the front.

Basically, if capitalism listened to DOOM, then it would essentially lose its main ally CONFIDENCE. And that would kinda mean that its... er... all FAKE.

FAKE.

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