Two theories explain what is happening in the West, and ironically both use variants of the same metaphor.
The first and most popular theory describes the principle upon which our current government operates. The broken window theory states that a broken window adds value to the economy because a replacement must be purchased and that puts money into the economy. Under this type of theory, politicians “create jobs” with regulation, and welfare money grows the economy. It is the basis of our new hybrid of socialism and capitalism that relies on re-financialized debt, or the selling of obligations as if they were of positive value.

