Greed drives a destructive cycle of debt from "summary" of The New Confessions of an Economic Hit Man by John Perkins
The insidious nature of greed cannot be overstated in its role in driving a destructive cycle of debt. This cycle is perpetuated by a relentless pursuit of profit at the expense of ethics and long-term sustainability. When individuals or corporations prioritize their own financial gain above all else, they inevitably engage in practices that exploit and oppress others, ultimately leading to a system built on inequality and exploitation. Debt becomes a tool in the hands of the greedy, used to manipulate and control those who are already vulnerable. By extending loans with exorbitant interest rates or imposing unfair trade agreements, the greedy ensure that the cycle of debt continues unabated. The debtor becomes trapped in a web of financial obligations, unable to break free as interest continues to accrue and the burden grows heavier with each passing day. The repercussions of this cycle are far-reaching and devastating. Entire nations find themselves ensnared in debt traps that cripple their economies and stifle their development. The greedy few at the top continue to amass wealth and power, while the masses at the bottom struggle to make ends meet and break free from the chains of debt. In this way, greed not only drives a destructive cycle of debt but also perpetuates a system of inequality and exploitation that benefits only a select few. It is imperative that we recognize the role that greed plays in shaping our world and work towards creating a more equitable and sustainable future for all. Only by challenging the pervasive influence of greed can we hope to break free from the destructive cycle of debt that threatens to consume us all.
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