Can we have a world without debt?
For anyone currently in debt, a world without debt probably sounds like a great solution. Some debts – like those between friends or family members – can easily be written off, or at least delayed. But what about debts from financial institutions or between governments? They may be a little more difficult to simply wipe the slate clean.
Is that even a position we want to be in? The whole concept of money is built around a model of debt. A world without debt would require a really drastic change, both economically and morally. It could spell financial ruin for smaller countries and would dramatically impact our everyday lives.
In our infographic we investigate the history of debt, the current position in the world and answer the question;could we ever have a world without debt?