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The global debt crisis is crushing our ability to tackle the climate crisis - what can we do about it? As well as Global North countries coughing up with climate finance grants, we explain some key structural reforms to our International Monetary and Financial System (IMFS) needed to tackle these joint crises 🤝 Make sure to check out , , , , and more - tag other organisations you know working on this in the comments below 👇 Huge credit to Debt Justice for their fantastic reports on debt, clima
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So much of our current political and economic climate can be explained by debt cycles— and how those cycles build on each other over time. I explain why in my new book, How Countries Go Broke. But if you’d like more context on how all of these pieces come together, I recommend you watch my 30-minute explainer “How the Economic Machine Works” on YouTube here: https://www.youtube.com/watch?v=PHe0bXAIuk0&t=10s #principles #howcountriesgobroke #economics #debt | Ray Dalio
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