We live in a global community. Media stories from around the globe fill our news channels. We can get current and forecasted weather conditions for any place on Earth. We talk almost real-time with relatives on other continents. And, we invest our earnings in projects that take place anywhere. Really, we could envision how a butterfly flapping its wings in the Amazon basin could affect each of us.
Let’s look at a simple human construct in this view. Consider investing. It is, or at least was, a prudent activity . How does it function? Well, if individuals have excess moneys then they provide them to another person. The recipient would use the moneys and their own skill to promote an endeavour. In return, the lender would eventually see their original investment returned together with some compensation for their efforts. Via this construct, local communities could support a blacksmith, a winery or a ferry boat.
Now humans are smart and we know how to maximize a good thing. So what started as a way to improve two people’s condition in the community now is a major element to improving our global community. Consider, to date, our investments have incurred a global debt of $223T. As an indicator of the size, this is over 300% of the global GDP. At least another $54T will be added to it this year. Assuming that our global community wants to be prudent, how do we see ourselves paying back the lender together with some compensation?