Climate Inaction Is Like A Global Ponzi Scheme That Is Paid Into By Future Generations.

Before and After: Tar sands extraction

Uncle Charlie (Ponzi) would be so proud.

There’s a great article, “Global Ponzi Scheme Revisited: How Climate Inaction Betrays Our Children And Future Generations,” by Joe Romm on ThinkProgress. From the article:

“Fundamentally, homo ‘sapiens’ sapiens has constructed the grandest of Ponzi schemes, whereby current generations have figured out how to live off the wealth of future generations. We are all in essence Bernie Madoffs (many wittingly, most not) or at least his most credulous clients.”

It’s an update to an article Mr. Romm wrote in 2009 and the comparison is still spot on. Another powerful quote from the article:

“Madoff is reviled as a monster for targeting charities. We are targeting our own children and grandchildren and on and on. What does that make us?”

[Think Progress]

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