The term "bubble economy"
is really a misnomer. The bubble economy is not an
economy in the sense that economic processes enrich a
society and provide for its needs in terms of physical
products, such as food, housing, transportation,
education, healthcare, and so forth. Bubble economies are
not focused on such processes, nor do they enhance it. To
the contrary, they undermine productive processes and
will eventually destroy them.
Bubble economies are focused on financial profiteering, a
game in which huge profits are drawn while nothing is
being produced that enriches society.
The games that are played in this arena are numerous
types of theft. Profiteering is theft unless economic
profits represent real value produced that raises the
platform of civilization.
The games of speculative profiteering do not enrich
society. Indeed, how could such games in which nothing of
value is produced, enrich society? Speculative games do,
however, create bubbles of illusions, illusions of wealth
where there is no real wealth. These bubbles of illusions
pose a grave danger to any nation. No society can prosper
on a platform of stealing from one another. The danger
lies in shifting the focus from productive to none-productive
processes, fuelled by the illusions that wealth is being
created. To the degree that such theft is allowed by
society, whether it has been legalized or not, society is
destroying its infrastructures for living, and is thereby destroying the foundation for its existence.