> Debt

That is the very basis of our currency, and the basic idea is a good one in an idea-heavy economy more reliant on innovation than natural resource constraints. Also, if truly becomes too much we will just have one of the many many currency changes. My grandparents lived with about five (could be as many as seven) currencies throughout their (German) lives, for example.

As long as the real values remain, the factories, the people, the roads, the buildings, that is not a problem overall. It's not like people can emigrate to alien worlds, and on earth the places with the best real economy will be where they will go - have to go.

Money is the carrot dangled in front of us to keep us moving and to create real value things. The carrot can be updated and changed if the current one starts to lose its appeal, it is not what ultimately matters. The point of view of an individual and the big picture are very different things.

There’s a decent article in the Economist right now warning of Brazilification in the west. A particular kind of debt fuelled economic death spiral on which Brazil is unfortunately a pioneer.

I think you do not quite understand what debt is. Just like most people in our beloved Russia.

The West's part in this is also part of the article making the content of your comment superfluous. You'd know if you'd have read it.

So what's the point of the comment? Your fear that it might be superior?