BCG: Ending the Era of Ponzi Finance

This is an important paper for a couple of reasons.

• It's true. 
• It was produced by a very well established group that's about as mainstream as you can get. Views and news of this type have been available for several years now in the alternative/fringe media. The fact that such a well-established and prestigious organization as the Boston Consulting Group is now publishing what has been known for years by a small, knowledgeable few means that the world does, in fact, need to address these issues.

This being said, I completely concur with the issues presented in this paper. But I must respectfully disagree with the solutions presented.

I contend that we need to re-think capitalism itself. I contend that corporations (especially multi-national corporations) are a major contributing factor to our present situation and are not even mentioned here as part of the solution. I contend that the solutions given are designed to maintain the status quo as much as possible, but it may be time to let the status quo go the way of feudalism.

BCG Ending the Era of Ponzi Finance Jan 2013