Future Earth of course. We’re paying that down for the next century like bad student loans.
Comment on AI contributes to inflating global debt, already approaching $346 trillion or 310% of GDP
obinice@lemmy.world 1 day ago
Which planet do we owe the money to?
WanderingThoughts@europe.pub 1 day ago
captainlezbian@lemmy.world 14 hours ago
This one but in the now/future. Basically a lot of money was printed to pay for things but in order to not cause inflation we had to create debt to destroy that money in the future.
Aceticon@lemmy.dbzer0.com 20 hours ago
Mainly the poorer owe that to the richer.
Also the richer owe that to each other.
The last part could sorta be unwound in a more or less peaceful way (though very interventionist and the amounts involved are so large that we would see an ever worse explosion of corruption than so far), but the first part would require a Revolution that tore down all existing ownership structures.
boonhet@sopuli.xyz 17 hours ago
Honestly it pretty much gets generated out of thin air to start with and then everyone further loans the same money around to eachother.
Goodlucksil@lemmy.dbzer0.com 1 day ago
We owe it to each other, or to the oligarchs.
panda_abyss@lemmy.ca 1 day ago
ever wonder why why we stopped talking to Pluto?