Debt crisis

One wonders whether the upcoming corporate debt crisis is actually quite rational.

I mean, the impact of IT is to make more consumption ‘virtual’.

All that money that has been made off increased productivity (in turning raw materials into finished goods) has nowhere to go.

It’s not that we are running out of resources yet, it’s just that people are turning to forms of virtual consumption and as result we aren’t consuming increasing amounts of resources.

Maybe governments are going to have to start destroying cash to counter this.