Well, a society that bases individual worth on what one extracts, rather than what one adds.....

Modern economics effectively operates on the same infinite growth model as bacteria, with everyone as individual agents.

Unfortunately, after thousands of years of, "Go forth and multiply," we are starting hit the edge of the global petri dish.

The advantage of multicellular organisms is being able to sense and navigate their surroundings. Feedback, rather than crashing.

As the executive and regulatory function, government works as the nervous system of the community, while money and banking are a form of blood and circulation system, equalizing and distributing value around the social super organism.

Though with public government and private banking, the banks rule. Much less oversight, don't have to work around cumbersome election cycles and control the finances of anyone actually running for public office.

Consequently the one real job those allowed in office have, is running up the public debt the banks need to metastatically grow.

This is because money functions as a social contract, rather than the commodity it is treated as.

So to store the asset side of the ledger, there has to be a debt to back it.

The secret sauce of capitalism is public debt backing private wealth.

We are linear, goal seeking organisms, living in a cyclical, circular, reciprocal, feedback generated reality, so while markets need money to circulate, people see it as signal to save and store. Consequently Econ 101 describes it as both medium of exchange and store of value.

Yet a medium is dynamic, while a store is static. Blood is a medium, fat is a store. Roads are a medium, parking lots are a store. The hallway is a medium, the hall closet is a store. Would doctors, highway engineers or the average five year old confuse the two?

So our entire economy has evolved to store the illusion of wealth, as debt.

Government is the decision making function, so hollowing it out and leaving the banks in charge creates a dynamic with no strategic aptitude, just insatiable greed driving everything. Profit trumps quality at every turn and anything interfering with it will be crushed.

Russia and China have essentially returned to private government, with Putin and Xi as respective CEO's, in order to constrain their oligarchs. Which is why our oligarchs and their gangs of flunkies hate them so passionately.

As the prime example, Charles 3rd is the British head of state, while the cartel known as the City of London actually runs everything.

When was the last time you heard of a politician referred to as a "statesman?"

Given the winners write the history books, it seems history will treat Putin far more kindly than our own crew of miscreants.

Debt doesn't matter.

Until it does.