We’re Debt junkies. In fact, over the past 3 decades, the majority of the working world fell for the biggest scam in history. While the rich got much richer, we bought into capitalism’s story that we too deserved things beyond our reach, like houses, branded goods, and BMW’s in the driveway, and more. Time to pay the piper. Or, we could all default. Why haven’t we complained? Because Debt was there to soothe us. “If you couldn’t earn it, you could borrow it. Cheap financing was made widely available,” Ben Funnell argues in the FT. Innovation, education, ideation and the opening of new markets for new products and services are our most feasible solutions. [Asking the über-rich to shoulder more of their due burden can’t hurt, either.]
