In Praise of Ponzi

Well not really, of course. But there are some people quietly sitting pretty…

As it becomes generally accepted that the economy of the west is a giant Ponzi scheme, one should reflect on its positive aspects. The last fifty years, from “We have never had it so good” to the calm-before-the-storm’s “No more boom and bust,” have been considered by many to be golden years compared with the world war-torn decades before, and the iniquities of times before that.

We know all about those who suffered at the hands of Bernie Madoff’s Ponzi scheme, those such as Steven Spielberg, Kevin Bacon, and Zsa Zsa Gabor. But where are all those who made money? It wouldn’t be a Ponzi scheme if some people didn’t profit.

There must be a few celebs who are feeling uncomfortable right now. They are keeping very quiet. But why? They are the lucky ones who are simply benefitting from the Modern Economics, as espoused by many Modern Politicians and Modern Economists.

The secret to benefitting from a Ponzi scheme is knowing when to get out, and who to leave behind to pick up the mess. Just ask multi-millionaire, style without substance, form without function, Tony Blair. I hear that he’s looking very cheerful these days.


P.S. It wouldn’t surprise me in the run-up to the Oscars if a few rumours started appearing about some nominees being winners in the Madoff affair, such is the dirty-trickery that now accompanies this event!