Ten Dangerous Trends That Imperil Our Future, and How to Survive Them
Are you ready for some more bad news? We are already in the midst of the worst debt crisis in recent history. Global debt exceeds $250 trillion, and central banks are routinely rescuing financially strapped countries. Yes, Global economic growth is starting to wheeze. So how on earth did we get so out of control?
Well, Governments tend to rely on outdated, irresponsible economic options, resulting in unforeseen and obscene debt levels. The United States is far more in debt today than it was, say, during the Great Depression. A recession did not have the same impact on growth back then. Today, it’s a different story. National debt soars annually due to quantitative easing and other monetary policies that rely heavily on the government issuing more debt. It seems policymakers prefer reckless spending to fiscal discipline; governments are addicted to debt while ignoring the long-term consequences.
Likewise, we average folk are pretty much the same. We are also addicted to risk. We take on loans, credit cards, and payment plans and ignore the worst-case scenario. Roubini says wealthy countries with abundant resources have allowed risk to run wild. Regrettably, leaders and policymakers remain resistant to progressive change. And it’s not just the West. Increased risk of debt default in developed countries results in higher borrowing costs and a reduced willingness to lend. As a result, developing economies that were already struggling face an even greater challenge in the years ahead. Each Megathreat seems driven by risk-taking and focusing on the short-term.
In recent years, private debt has raced ahead of public debt, reaching new highs. So now, both public and private debt threaten economic stability. Furthermore, since the economies of so many countries are connected, the problem is getting worse. When there is a financial shock in one region, it can quickly affect other areas. So the likelihood of a global debt crisis shoots up. As governments worldwide try to fix their economies, central banks react by loosening monetary policy to boost growth. But arghh, they’ve made money too cheap for too long. The result? A terrifying boom-and-bust cycle, similar to stagflation in the 1970s. In other words, high inflation and the possibility of a recession are happening at the same time. The difference between now and the 1970s is that governments are stuck in a rut. They keep making the same mistakes over and over again.
Topping this off, global income growth is slowing as countries, corporations, banks, and households owe more than they can repay. All of these issues spell disaster. A more progressive world requires more manageable debt levels.
MegaThreats (2022) delves into the ten most pressing potential threats to humanity's future. The author examines the evidence and potential consequences for each threat, questioning whether we are doing enough to prevent or prepare for them.
Ich bin begeistert. Ich liebe Bücher aber durch zwei kleine Kinder komme ich einfach nicht zum Lesen. Und ja, viele Bücher haben viel bla bla und die Quintessenz ist eigentlich ein Bruchteil.
Genau dafür ist Blinkist total genial! Es wird auf das Wesentliche reduziert, die Blinks sind gut verständlich, gut zusammengefasst und auch hörbar! Das ist super. 80 Euro für ein ganzes Jahr klingt viel, aber dafür unbegrenzt Zugriff auf 3000 Bücher. Und dieses Wissen und die Zeitersparnis ist unbezahlbar.
Extrem empfehlenswert. Statt sinnlos im Facebook zu scrollen höre ich jetzt täglich zwischen 3-4 "Bücher". Bei manchen wird schnelle klar, dass der Kauf unnötig ist, da schon das wichtigste zusammen gefasst wurde..bei anderen macht es Lust doch das Buch selbständig zu lesen. Wirklich toll
Einer der besten, bequemsten und sinnvollsten Apps die auf ein Handy gehören. Jeden morgen 15-20 Minuten für die eigene Weiterbildung/Entwicklung oder Wissen.
Viele tolle Bücher, auf deren Kernaussagen reduziert- präzise und ansprechend zusammengefasst. Endlich habe ich das Gefühl, Zeit für Bücher zu finden, für die ich sonst keine Zeit habe.
Hol dir mit Blinkist die besten Erkenntnisse aus mehr als 7.000 Sachbüchern und Podcasts. In 15 Minuten lesen oder anhören!
Jetzt kostenlos testen
Blink 3 von 12 - Eine kurze Geschichte der Menschheit
von Yuval Noah Harari
