Consider this. When the last bubble was in internet technology, welfare was minimally affected – jobs were lost. When it shifted to housing and credit, welfare was affected more – houses and saving were lost.
Today, it’s shifting in large part to energy and food. What happens when hypercapitalism causes a food bubble? What happens when the masters of the universe in Greenwich bid up the price of food for India, China, and Africa's huddled masses?
Update : interesting comment
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