The ant and the grasshopper: the economy explained | David Roberts

From Aesops Fables we learn of the Ant and the Grasshopper. The diligent and shrewd at is hard at work, making money for his retirement, while the grasshopper plays in the fields; oblivious to the coming winter. When Winter comes the Ant is ready to lecture the Grasshopper on the merits of hardwork and reaping what you sow, when his investment advisor the Dung Beetle arrives. It turns out the Dung Beetle has lost all of the Ants money on bad investments in a rough economy. That said, the Dung Beetle Boasts of receiving a massive bonus, and his whole bank was bailed out for their bad business decisions. To top it off the Dung Beetle forcloses on tha ants house and rolls away. The moral: In a bad economy everyone is screwed, except the Dung Beetles. http://www.theothersideofthetracks.com/