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What needs to be underlined is that the supposed prosperity of the past couple decades was, to a large extent, virtual, and it is disappearing right in front of our eyes.

It was worse than virtual, it was borrowed from the future by "monetizing" revenue streams. This means you have to earn your future income just to cover the hole.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Mon Sep 15th, 2008 at 07:19:25 AM EST
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