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Global debt levels rose to more than 325 percent of the world's gross domestic product last year as government debt rose sharply, a report from the Institute for International Finance showed on Wednesday.
The IIF's report found that global debt had risen more than $11 trillion in the first nine months of 2016 to more than $217 trillion. The report also found that general government debt accounted for nearly half of the total increase.
Emerging market debt rose substantially, as government bond and syndicated loan issuance in 2016 grew to almost three times its 2015 level.
Source: Reuters
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Global Debt Hits 325% Of World GDP, Rises To Record $217 Trillion
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In Tulsa, Oklahoma, it is against the law to open a soda bottle without
the supervision of a licensed engineer.
(Score: 0) by Anonymous Coward on Saturday January 07 2017, @06:06AM
> Government might not be perfect, but like democracy, it's a hell of a lot better than the alternative.
You forgot to state your assumptions.
Some people would rather not be governed by others. And in small communities, that approach does indeed work. It fails with more people, almost never succeeding beyond the 10,000 people mark, because new organisms (groups of people) self-organize and vie for dominance 'one level up' from humans.
But look at the Inuit for a great example of a population that succeeded extremely well considering the environment, historically without being governed.