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RE: The Horrors of ignorance can make The Horrors of Greed seem Trivial: The Unseen threat faced by the human civilization.

in #economy6 years ago

The money that is created out of nothing in the banks should go to the creative people and the people that actually contribute something to society.

That being said, I liked your article again very much and I get the point somewhat I think, but what I was thinking was this: Aren't we in too deep? Hasn't the point of no return been crossed and isn't the only way to resolve the debt something like selling a part of your country?

Like maybe America could sell New York, Washington and some other cities to Dubai or something ;)

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Here is a great article I've found: https://www.internationalman.com/articles/three-reasons-why-the-us-government-should-default-on-its-debt-today
We are way past the point of no return. We can't really solve the existing economic problems without loosing a limb. At best we could move into a sensible economic policy and make things get better over few decades. But people care too much about the short term.

Even if a country sell a city, if the policies aren't changed, it's only going to be a temporary fix.



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