A Very Short Analysis of the Modern Western Economy

The western developed world is in the process of impoverishing itself. This process started when people were encouraged to trust their savings to bankers and similar institutions. Those institutions on the whole invested some of those savings but gambled with other institutions with much of those savings. The gambling worked like all gambling; the game was rigged in favour of the house or the book maker but the rigging was far greater than a bookmaker or a casino operator would undertake. As a result huge amounts of money in the western world were transferred from those who earned it to those who acquired it by gambling.