It is based on figments andfictions and people
essentially gambling on stuffthat doesn't actually exist.
And essentially, whathappened is that capitalism
got overexcited in theaftermath of its points
victory over Communism in theCold War in which it was
helped by the fact thatCommunism spent the entire
fight standing in the cornerpunching itself in the face.
You like the Cold Warboxing analogies? Good.
So, um, I know you're veryconcerned about Communism.
It gets everywhere.
Communism... sperms arecommunists.
Well, Stalinists, really.
Only one of them gets toachieve anything and millions
of them die for nothing.
But... one more. Jot it down.
What happened was capitalismthen got overexcited,
walked into a casino and putthe entire global economy on
red whilst announcing toeveryone,
"don't worry, I'vegot a system."
And sadly that didn't work outand things have gone more
tits up than Dolly Partonswimming back stroke.
And I think we have to startlearning lessons from this.
We can learn a very importantlesson from the American
mortgage sector that seemedto kick this whole thing off.
A very importantlesson and that lesson is
that if you do lend a lot ofmoney to people who have
absolutely no way of payingthat money back, then,
conceivably, they mightnot pay that money back.
Now... that is the kind ofthing we can only learn by
trial and error, isn't it?
I would say that is verymuch like slamming
your testicles in a car door.
You know, until you actuallydo it,
you do not know for surewhether or not it will hurt
and you cannot build a globaleconomy on hypothetically
painful testicles, asJohn Maynard Keynes
himself once said.