The crux of the problem is that central banks have been trying to encourage "aggregate demand" by lowering interest rates to incentivizing people and businesses

The crux of the problem is that central banks have been trying to encourage "aggregate demand" by lowering interest rates to incentivizing people and businesses to borrow (and spend) money. Now we're at the point where many of our institutions and most of our population is drowning in debt and our interest rates are already close to zero. It seems pretty obvious that massive wealth accumulation by the upper millionith of society precludes any solution. The only way to increase "aggregate demand" is if the people have money to spend. Real wages have been stagnant or falling for ~15 years and debt levels are at record highs. Cost of living increases (healthcare, food, education, housing, insurance) rise greatly each year, outpacing both stagnant wages and official inflation numbers. We're playing a game of monopoly where a couple of people already own every property and have them all stacked with houses and hotels. The rest of the players are trying to circle the board and collect their $200 from passing go and praying to god they don't land on a property that will bankrupt them completely before they make it around the board again. This economic system is not sustainable.