World Economic Forum plans to rebrand capitalism with a “new social contract”
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It is strange territory for them, fraught with unforeseeable consequences -- can't really run the stats on something that hasn't happened in centuries.
And the old Malthusian terrors are, evidently, still very much on their minds -- now over climate rather than food.
Government bonds?
Bankruptcy is probably a better system, even if it is abused, as there is no need for everyone to plan around it. I suppose that is part of the intent of a jubilee though, to limit overall lending.
"Neither do people light a lamp and put it under a bowl. Instead they put it on its stand, and it gives light to everyone in the house."
If the words of Klaus & Co. aren't setting off your alarm bells, I can't help you.