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11.05.2017
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Date end: 13.05.2017

24. Workshop

Debt and Freedom

We live in a time of constantly growing debt. The global debt of countries, companies and private households is now two to three times the global production of goods and services – and the trend is rising. It is particularly thought-provoking that global debt has risen steadily in recent years in the wake of the latest crises, without the time being used to significantly reduce debt after the crisis.

Despite all the skepticism, debt always means credit and modern economies would be inconceivable without credit. In the Progress Foundation’s interdisciplinary workshop, which lasted several days, the participants dealt with various aspects of debt, with a focus on government debt because this is the greatest burden on societies. Experience shows: If a society falls into a debt trap due to excessive debt, nobody wants to take responsibility for it – and the responsibility is transferred to the general public.

Translated in DeepL

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From Credit to Debt
01.11.2019
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