The global financial system operates like a cancer
The global financial system operates like a cancer The global financial system operates like a cancer, metastasizing throughout our economy and society. Its malignant core is a simple yet devastating formula: PL – PR + I, principal loaned – principal repaid + interest = an escalating debt trap that necessitates economic growth. This equation is familiar to anyone who has taken out a loan. It demonstrates the fatal flaw in our financial architecture, which makes a steady state economy [the only sustainable economy] impossible by design.—Koenraad Priels https://steadystate.org/the-costs-of-compounding-exploitation-and-collapse/
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