Western immigration
Going by surveys, personal issues derived from a lack of money range from 70-90% of all problems. In other words, if most of us weren't broke, we would enjoy life for the most part.
Countries are the same, scaling it just adds more responsibilities, which is why debt matters so much.
The debt a country owes is mostly issued in "bonds".
If the debt you owe now is only owed to your own people, like Japan, then you could potentially crack down on them in the future.
Problems only arise when said debt is mostly owned by foreign countries, even worse, if they can print their own money. This forces you to take 2 actions and neither can be walked back.
> 1. Increase growth; ON PAPER or real
> 2.Choose a slow death for your country and hope for a solution to come up in the future
Now you might say, that there is a 3rd option, but both paths already lead toward it, so it is not an option, it's an inevitable outcome.
1. Growth is finite, at one point all resources will be depleted. Papering over with accounting gimmicks to show GDP growth or changing formula to embellish inflation gloss over public satisfaction and stifle reforms.
2. The 2nd option is an optimistic and sometimes authorative view on the future, as it suggests that you expect being able to crush, ignore, distract and always will remain in power. It also suggests inaction, hence it heavily leans towards option one.
As we never added any death sentence or jail time for politicians that didn't uphold campaign promises, we get duped for the most part of our life, as the people in power give themselves immunity and die off of old age, as they prep their offspring to take over the stage with their accumulated wealth.
Consider a politician a sales person, any item you buy from him, will leave you poorer in the short term.
You are not even buying into a promissory note, implying accountability.
Any solutions they present thus only aims at increasing growth - recipient of said growth is unspecified though.
1/2
Countries are the same, scaling it just adds more responsibilities, which is why debt matters so much.
The debt a country owes is mostly issued in "bonds".
If the debt you owe now is only owed to your own people, like Japan, then you could potentially crack down on them in the future.
Problems only arise when said debt is mostly owned by foreign countries, even worse, if they can print their own money. This forces you to take 2 actions and neither can be walked back.
> 1. Increase growth; ON PAPER or real
> 2.Choose a slow death for your country and hope for a solution to come up in the future
Now you might say, that there is a 3rd option, but both paths already lead toward it, so it is not an option, it's an inevitable outcome.
1. Growth is finite, at one point all resources will be depleted. Papering over with accounting gimmicks to show GDP growth or changing formula to embellish inflation gloss over public satisfaction and stifle reforms.
2. The 2nd option is an optimistic and sometimes authorative view on the future, as it suggests that you expect being able to crush, ignore, distract and always will remain in power. It also suggests inaction, hence it heavily leans towards option one.
As we never added any death sentence or jail time for politicians that didn't uphold campaign promises, we get duped for the most part of our life, as the people in power give themselves immunity and die off of old age, as they prep their offspring to take over the stage with their accumulated wealth.
Consider a politician a sales person, any item you buy from him, will leave you poorer in the short term.
You are not even buying into a promissory note, implying accountability.
Any solutions they present thus only aims at increasing growth - recipient of said growth is unspecified though.
1/2
