Federico Pistono explains
December 2024 › Forums › General discussion › Catastrophism and apocalyptic politics › Federico Pistono explains
March 31, 2013 at 9:24 pm
#92066
ALB
Keymaster
Federico Pistono explains here in 4 or 5 minutes his particular theory of why he thinks the present economic system is going to collapse. Not very convincing, if only because the first reason he gives is based on assuming that the money to pay interest on a loan can only come from taking out a further loan (whereas in fact it can come out of future production). But he does also use the growing technological unemployment argument.