A Massively Corrupt Society Can't Recognize Mass Corruption

Eating the Seed Corn: Instant gratification subsidized. Real investment penalized

As of today, Europeans are now paying even more to save their own money. The time value of money has now been pushed further negative by the ECB. Saving for the future is highly discouraged.

The concept of the time value of money is that deferred consumption should confer benefit to the saver. It's the fundamental bedrock of long-term investment. If no one was willing to save, there would be no investment. Every dollar of income would be instantly consumed. Therefore, if I put off spending my money today, I should be compensated to wait. However, negative interest rates invert that paradigm. Savers are now being penalized in order to reward profligacy and punish anyone who is planning ahead for the future i.e. being responsible. Moreover, it completely discourages long-term investment in the real economy even as econo-dunces stand around wondering why there are no jobs.

Is there any further evidence that we need to show that this current corrupt generation is the liquidation generation? It's not that they want nothing for future generations, it's that they want to borrow them into fucking oblivion. Less than nothing for the future.

Still, this level of malfeasance is merely accepted with a shrug. Because a massively corrupt society doesn't know corruption when it sees it.
The Overwhelming Stench of Desperation