PICT Voices #31: Wolfgang Streeck, The Economy of Buying Time
Paris Institute for Critical Thinking
00:00
Debt Dynamics and Economic Stability
This chapter examines the dual nature of public and private debt in contemporary economies, emphasizing its impact on labor dynamics and political decisions. By analyzing examples from Italy and the United States, the discussion highlights the relationship between economic performance and what societies prioritize in their budgets. It ultimately critiques the sustainability of increasing debt levels within capitalism, particularly in light of recent crises and historical patterns of economic instability.
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