10 Explosive Bubbles That Will Kill Capitalism
marketwatch.com — When Jeremy Grantham, founder of the $95 billion GMO firm, focused on the “common good, it became quickly apparent that capitalism in general has no sense of ethics or conscience. And probably its greatest weakness is its absolute inability to process the finiteness of resources and the mathematical impossibility of maintaining rapid growth in physical output.” This we call the Myth of Perpetual Growth, the pseudo-scientific justification for modern capitalism.
Grantham concludes that capitalism’s flaws are so deadly that while it does “a thousand things better than other systems,” it fails in those three crucial areas. And “unfortunately for us all, even a single one of these failings may bring capitalism down and us with it.”