Wednesday, April 6, 2011

Private Profits, Social Risks

Globalism had the same tendency to impoverish and enslave huge populations while enriching the elite who managed its operations. The American people were sold on it, even while it destroyed their towns, their landscapes, and their vocations. Globalism was primarily a way of privatizing the profits of business activities while socializing the costs.

Source:  The Long Emergency by James Howard Kunstle (2006)
Taken from:  21st Century Breakdown by James Quinn

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