In this episode of Practical Economics, John Berling Hardy explains how the economy, and society, are driven by the actions of an elite group that understand and orchestrate what happens, ensuring they always come out on top. The current global recession only makes sense when explained in the context of someone orchestrating things. These same principals of unsporting gamesmanship also apply on the level of small groups, where someone is always taking unfair advantage of others. Understanding that this game exists, and how it is played, is an important part of protecting ourselves and our investments.
You can check out more of John's ideas at http://www.playingtheplayers.com/.
NOTE: You can view the complete list of Practical Economics podcasts to hear more conversations with the experts. Tune in to the weekly economics round-table discussions to hear the latest from the Optimistic Bear.
