this post was submitted on 07 Jun 2024
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On a serious note. Are there any countries without any national debt? Because if not then clearly capitalism is broken right?
https://www.clearfinances.net/countries-without-public-debt/
Well, that's a misleading title. All the countries in their list have some debt, just less than most.
All countries carry some debt, because they need to show a history of reliably making payments on that debt in case they need to borrow money in the future for whatever reason. Not all countries, however, run massive deficits every year.