Analysis: $88 trillion in debt and a wave of elections. World leaders are hamstrung | CNN Business
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Public debt exploded during the pandemic and new borrowing this year is likely to break records in several big economies, leaving governments less able to respond to shocks, fund public services or invest in the energy transition.
    • jordanlund@lemmy.worldMEnglish
      1·
      11 months ago

      Removed under rule 6, advocating violence. Stick to “eat the rich” which is non-literal hyperbole. :)

  • Riddick3001@lemmy.worldEnglish
    12·
    11 months ago

    " Two major wars, a shipping crisis, cyber attacks on state institutions and yet more alarming evidence of the climate emergency mean there’s no shortage of talking points.

    But turning ideas into action when governments owe an unprecedented $88.1 trillion — equivalent almost to the world’s annual economic output — will be hard. "

    • Haagel@lemmings.worldEnglish
      17·
      11 months ago

      Owed to who? Future generations?

      It seems our leaders have already decided to default on that obligation.

  • Maggoty@lemmy.worldEnglish
    4·
    11 months ago

    Fiat currency is not a finite resource. While I agree that many governments and central banks aren’t in a good position for another shock right now, it’s not as simple as big debt number=crash.