The world’s economy has been shattered. It’s a veritable world crisis. Small companies and large, and the consumers who buy from them, are trying to navigate their way through a crisis of confidence in their political institutions, their economic institutions, and their social institutions.
Countries–and businesses–are literally going out of business. And the only answer the global community seems to be able to come up with is multi-trillion dollar bailouts.
It should be obvious to all of us as business owners and entrepreneurs that the debt we create today must be paid back tomorrow, or the interest we pay on it will ultimately overwhelm us. And our children. And their children. And still their children. Creating a legacy of futility unlike anything we have ever witnessed before.
Is there an alternative? And, if so, what is it? Yes, there is an alternative.