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The world runs on debt. You need people/countries in debt in order for the system to operate. Here is an example of a country which tried to escape it and didn'
by asimpleexample 4y ago
The world runs on debt. You need people/countries in debt in order for the system to operate. Here is an example of a country which tried to escape it and didn't fare well. It might also have had something to do with it being socialist.
https://www.washingtonpost.com/archive/politics/1989/04/14/debts-paid-romania-says/89557c5f-9f4d-4810-8e15-91538f134a3f/ https://www.washingtonpost.com/archive/politics/1989/04/14/d...
https://en.wikipedia.org/wiki/Foreign_debt_of_the_Socialist_Republic_of_Romania https://en.wikipedia.org/wiki/Foreign_debt_of_the_Socialist_...
- nickpp 4y agoIt might also have had something to do with having a planned economy unable to fulfil the most basic of the population needs, from food to toilet paper. Rather shocking for a country that used to be Europe's wheat exporter before installation of communism and Russian-controlled puppet regimes.