The World Economy Is A Pyramid Scheme, Steven Chu Says

| August 25, 2019 | Leave a Comment

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Media Type: Article - Recent

Publication Info: Forbes

Date of Publication: Apr 5, 2019

Author(s): Jeff McMahon,

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The world economy is based on ever-increasing population, said Nobel laureate Steven Chu, a scheme that economists don’t talk about and that governments won’t face, a scheme that makes sustainability impossible and that is likely to eventually fail.

“The world needs a new model of how to generate a rising standard of living that’s not dependent on a pyramid scheme,” Chu said at the University of Chicago.

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