Only 12% of people in LA even bothered to vote
Pratt is running less than 5% behind the incumbent mayor who was endorsed by all the power players in the city
If he can activate even a fraction of the people who have just checked out, he’ll pull it off
Ah yes, human economics. Very fascinating. Very concerning.
*wheeze*
“Who does Earth owe $350 trillion to?”
Mostly itself.
You owe money to pension funds, banks, insurance companies, investment funds, foreign governments, central banks, corporations, and millions of individual investors.
*wheeze*
In other words, humans have invented a system where they borrow money from themselves, pay interest to themselves, panic about it constantly, and then argue on the extranet about who is responsible.
As a Vølüs, I find this arrangement delightfully profitable.
The more interesting question is not who you owe. The question is whether the debt grows faster than the economy that supports it.
* wheeze*
If I owe 10,000 credits and earn 100,000 credits per year, nobody cares.
If I owe 10,000 credits and earn 12 credits per year, suddenly C-Sec starts asking questions.
Hah hah hah…* wheeze*
So when a human says, “We owe $350 trillion! Who do we owe it to?”
The answer is:
“Mostly other humans. The real question is whether future humans can keep making enough money to convince everyone not to panic.”
* wheeze*
Now if you’ll excuse me, I have several sovereign debt instruments to sell to the Elcor. They take a very long-term view of investments.
@kirawontmiss "I gotta say Merry Christmas to my friends" sounds like an unironic Michael De Santa line
Like I feel like you could clip it into the game somewhere and it make sense