Richarddwolff
@richarddwolff·355K subscribers·501 videos
Today's EU: Global Debt
Posted
December 11, 2019
Views
12,578
Likes
860
Comments
113
Engagement
7.74%
December 11, 2019
12,578
860
113
7.74%
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6:42Now PlayingToday's EU is a video series for the Economic Update Patreon community. Patrons of EU get first access to these topical and timely videos from Professor Wolff. Videos are released to the public a week later, here on Prof Wolff's channel.
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In Today's EU, Prof. Wolff talks about global debt incurred by corporations, governments and households has tripled in the last 20 years. This unprecedented explosion of debt has been the result of low interest rates and stagnant wages and incomes. The capitalist system has failed to provide people with incomes, wealth and securities they need so they have resorted to endless borrowing to bridge the gap.
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