This is a problem I wanted to write about this summer, and should still try to pitch somewhere soon. Debt servicing is *consuming* most countries' budgets.
How is this possible? Because of neoliberalism. Our public-private systems have siphoned public funds into private debts, which countries can't negotiate away through public/foreign-policy channels.
This system is starving our ability to invest in our citizens' future. We won't be able to tackle big problems until it's solved.
@MLClark
100%
Are you familiar with the book The Economic Hitman? I suspect you might be.