This is, of course, nonsense
Anyone vaguely numerate, or blessed with even a passing knowledge of history, was equipped with all that was needed to anticipate the inevitable crash
Greed, stupidity, ignorance and the endless human capacity for self-deception all contributed to ensuring that the majority of people played along with the madness for as long as the people who orchestrated it considered to be expedient
I had reason to consider the ignorance part of the equation whilst, of all things, playing a game of Monopoly with some kids a few days ago
From an amateur economician's point of view, one of the interesting things about Monopoly is that the longer a game lasts the more money goes on the table. Regular cash injections are made into the game every time a player circuits the board and receives a crisp £200 from the bank for their trouble.
The Monopoly economy goes from strength to strength and players are able to buy land and build houses thanks to the generous handouts from the bank
The problem with the Monopoly economy and the reason why it dawned on me the other day that it is a particularly sneaky example of subliminal programming is that, unlike the world the children grow up into, the Monopoly bank never gets round to clawing all the money back
One simple rule change would transform a game of Monopoly into a powerful educational tool that could possibly help junior avoid turning into a financial fuckwit when he grows up...
As each player succumbs to inevitable bankruptcy they are forced to stand outside on the street, in the rain, holding a half empty can of budget lager
Play continues until the bank has removed all liquidity from the game and repossessed all the property
Anyone who was daft enough to have played the game then has to ask the banker's permission to take a piss for the rest of their lives...
Next Week - 'Thomas the Tank Engine - A Marxist Analysis'