Financial System Under Strain as Debt Mounts and Capitalism Evolves
The global financial system shows alarming fragility as debt levels reach unprecedented heights. U.S. household debt alone stands at $18 trillion, forcing millions to borrow for basic necessities. Real wages have stagnated since the 1970s despite soaring productivity, while financial repression silently erodes savings through artificially suppressed interest rates.
Capitalism's transformation into what some term 'techno-feudalism' accelerates as tech giants consolidate rent-seeking power reminiscent of medieval lords. Japan's aggressive bond-buying program previews the extreme measures governments may employ to manage $37 trillion in U.S. debt obligations.