As of 2023, global debt has ballooned to an eye-watering $300 trillion. That’s an average of $37,500 for every person on the planet. Why is global debt so high? Decades of low-interest rates and cheap goods made money easy to borrow. Then, along came a pandemic that stalled growth and war in Ukraine that drove food and energy prices through the roof. While these crises impacted almost every nation on Earth, they didn’t react in the same way. While the US and the European Union pumped trillions of pandemic stimulus money into their economies to keep them afloat, poorer nations kept borrowing money they couldn’t afford to pay back. Now, an estimated 60% of those countries are facing debt distress, and rising inflation means paying down those bills is more expensive. Can the world do anything about the impending debt crisis before it’s too late? On GZERO World, Ian explains what the debt problem means for the global financial system and whether it needs to be transformed to confront the economic realities of the developing world.
Marc Short On The Possibility of the GOP Raising Taxes on Upper-Income Brackets
Former White House Director of Legislative Affairs Marc Short joined MSNBC to share his insights on the Republican Party’s evolving stance on tax policy. He…
Thought Leader: Marc Short
Ryan Dusick: Our Young Men Are Struggling – A Look Into “Adolescence” on Netflix
In today’s episode of Harder to Breathe, host Ryan Dusick, founding drummer of Maroon 5 and licensed therapist, teams up with actor Brian “Duck” Maillard…
Thought Leader: Ryan Dusick
Dr. Sanjay Gupta: Go Outside, Doctor’s Orders
How does our relationship with nature affect our health, for better and worse? Dr. Sanjay Gupta explores this idea by pulling from personal experience as…
Thought Leader: Sanjay Gupta
