During the era of Ponzi-style growth, capital flows were channeled by commercial banks into a frenzy of consumption and by the state into an orgy of suspect procurement and outright profligacy.
Durante l’era della crescita in stile Ponzi, i flussi di capitale venivano incanalati dalle banche commerciali nella frenesia dei consumi e dallo stato in un’orgia di appalti sospetti e in veri e propri sperperi.