Guillaume Faye: svijet ide prema globalnoj ekonomskoj krizi

2. The exponential growth of world debt, public and private. All the countries of the world, rich and poor alike, are in deficit and there’s talk of annulling Third World debt. Who is going to pay the bill? The world economy resembles an enterprise on the verge of bankruptcy, but one always supported by some virtualist banker. The bulletin of the brokerage firm Prigest, hardly anti-capitalist, noted in July 2000, ‘Private debt is rising at a frenzied rate. It has become a circular transmission belt, linking rising stocks and economic activity. And it’s making the system increasingly fragile, however much it gives the impression of increased growth.’ The bulletin also speaks of the new economy’s irrational exuberance as it glides along the chasm. An economy based on debt (a monetarist dogma) — and not on labour or non-market considerations (demographic, ecological, energy, etc.) — is bound to be short-lived.