When Countries Go Bankrupt | World Future Society
Today we see a number of nations on the verge of bankruptcy. But what does this mean for our global economy with heightened awareness of every micro-decision, and fluid capital markets that can react to virtually every whim?
To be sure, many countries have gone bankrupt in the past, and many more will default in the future. So who’s next, and what kind of problems will a nation’s insolvency cause?
This is a really good read when pondering about the consequences of an economic collapse! Thanks Thomas!