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That's why USA is also one of the most indebted country because people didn't spend money wisely. This is caused by the consumerism trend over the last 40 years
by stevefan1999 3y ago
That's why USA is also one of the most indebted country because people didn't spend money wisely. This is caused by the consumerism trend over the last 40 years. And consumerism is what capitalism always wanted. So the very problem is capitalism itself
- hsjqllzlfkf 3y ago> That's why USA is also one of the most indebted country By what metric? I just looked it up[1], and by % of GDP the USA is the 44th most indebted at 96%, between Tunisia and Guine-Bissau. 96% is quite low amongst first world countries. [1] https://en.m.wikipedia.org/wiki/List_of_countries_by_external_debt https://en.m.wikipedia.org/wiki/List_of_countries_by_externa...