"If America is the new Rome, Wall Street is our Coliseum"
"If America is the new Rome, Wall Street is our Coliseum"
7-minute interview from NPR with the author of the book "Bad Money". Kevin Phillips warns us that America is going to way of ancient Rome... at least financially. One of the reasons for the economic collapse of the Roman empire was that they began to focus their economy on DEBT products, rather than manufacturing actual, physical items. Sound familiar?

*This ties in with Bornbad's thread on the socio-political aspects of America's new Roman way of thinking. picked by RowanGrey 4 months ago
tags Rome America economics NPR Debt Bad Money
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