Greed = negative addiction, not very effective in the long run. it is very hard to see, until the way out of your pain becomes clearly subjective. As far as system collapse, some think it has already happened. I personally can not figure this economic system out, i just feel the time is near for change. Sabby
the change has to happen between your ears
every organism faces a decision space which includes the option of short term gain, long term pain = unsustainability.
Greece is an early look at how unsustainability of social benefits and public union contracts and a corrupt tax collection system plays out - this is the normal cycle of things, generation after generation of kicking difficult decisions down the road. It remains to be seen how far the other mediteranean countries are down this road.
The US itself has a big card to play, being the reserve currency, and they can always inflate or tax themselves out of the debt, which is mostly owned by its own government, 1% rs and retirement funds. The US is not having a profit recession...just a jobs recession - and professional thinkers in this regard look to the morass of disincentives to job creation.
absent an actual realistic/non-neurotic fear of poverty, getting up early, leaving work late, achieving the best possible eduction available within your decision space, obedience to your boss and job maker, taking odd jobs on the side, plus living on credit...absent these essential elements of this PMR simulation, your life will deteriorate toward walking in the woods and looking for berries, living under a tree
. Everything above this level requires effort. One might be able to con the system into breaking this rule for a brief period, but it is unsustainable.
I am not talking about social benefits for the old or the disabled here, though I must say, wasteful spending on the able, reduces the share of the pie available to the unable.
One of the traps of the confused is ineffective attention on actual available decision space, spending valuable mental bandwidth on "the Fed" or other macro level problems. Half the battle is to focus on what is going on within 100 feet of your nose, and starting to analyse the opportunities, as well as the threats. Another trap is to not make an effort during a period of crisis.
Is there a busy neighbour who cannot keep up with his yard or garden or washing his windows, walking his dog, cleaning his house? Maybe he/she will pay you some cash to do these cores instead of you spending another evening watching television. This is the first step in engagement of capitalism, which is the system that naturally occurs when free citizens begin to exchange money for work.
If you can manage that first step, then maybe you buy a hot dog cart or sell Amway or otherwise move one notch up the food chain...keeping your day job. Through this you learn how difficult it is to extract a profit from the system, maybe you appreciate how difficult your boss's job is, maybe you start to get ideas on how your boss can improve the bottom line, you line yourself to become the boss. Never forget the higher ruleset at each decision of significance in order to leverage big/NPMR economics.
Watch Bloomberg and read the Wall Street Journal if you wish to start relating to reality, rather than filling your brain with delusional entertainment.