> But at the world level, it's just some of us choosing to consume more than we produce right now, and others of us choosing to consume less than we produce rig

> But at the world level, it's just some of us choosing to consume more than we produce right now, and others of us choosing to consume less than we produce right now. Thing is, since taking debt is inherently taking risks, if you look at it from a sociopolitical view, the effects of managing this risk badly can be disastrous for a society. For example, if incompetent governments take on debt that they cannot pay back, future generations will suffer, like it happens to Greece right now.