Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Until the '80s the entire financial secto WAS a small fraction of GDP - certainly far smaller than recently.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 13th, 2012 at 09:33:58 AM EST
[ Parent ]
And that growth of the sector at the expense of the body as a whole allows larger returns and reinvestmet as long as it keeps growing. But there are of course limits to growth even for cancer.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Tue Mar 13th, 2012 at 10:47:53 AM EST
[ Parent ]
Agent Smith: I'd like to share a revelation that I've had during my time here. It came to me when I tried to classify your species and I realized that you're not actually mammals. Every mammal on this planet instinctively develops a natural equilibrium with the surrounding environment but you humans do not. You move to an area and you multiply and multiply until every natural resource is consumed and the only way you can survive is to spread to another area. There is another organism on this planet that follows the same pattern. Do you know what it is? A virus. Human beings are a disease, a cancer of this planet. You're a plague and we are the cure.
by rifek on Tue Mar 13th, 2012 at 02:50:04 PM EST
[ Parent ]
Except of course if Mr Smith were a biologist, he would know that moose, foxes and other mammals behave that way as well. What make us different is that we have devised ways to increase the carrying capacity of the land, through the use of cleverness and fossil fuels.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Mar 13th, 2012 at 04:33:56 PM EST
[ Parent ]
Hence, "Extend and pretend."
by rifek on Wed Mar 14th, 2012 at 02:46:02 PM EST
[ Parent ]


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