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In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he__ unable to prevent himself from being continually dominated.
Matt Taibbi Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America
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In the new American ghetto, the nightmare engine is bubble economics, a kind of high-tech casino scam that kills neighborhoods just like dope does, only the product is credit, not crack or heroin. It concentrates the money of the population in just a few hands with brutal efficiency, just like narco-business, and just as in narco-business the product itself, debt, steadily demoralizes the customer to the point where he__ unable to prevent himself from being continually dominated.
MT
Matt Taibbi

Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

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