Now We Know
Imagine that planet Earth is a corporation with many indispensable branches called Earth Inc. After completing a pro forma balance sheet for the Earth Inc, I mulled over what might be said to a group of investors who were contemplating acquiring that entity.
It was very clear that Earth Inc was in a downward spiral and that a substantial portion of the annual operating profit was now being derived by liquidating assets that were essential for its continued operations. To correct the existing problems, and make the entity viable, it would realistically take decades and require injecting hundreds of trillions of dollars.
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