From the latest interview with Thomas Piketty in Reporterre.
“Public debt is a false problem. Not so long ago we already have known high public debts, reaching 200 % of GDP in 1945 and inflation has swept them away.
Today the financial capital and assets owned by merchants and households grow much more strongly than the public debt has ever increased.
However, if one increases of the temperature of the planet by 2°C disrupting the entire climate we have nothing at hand to solve the problem of the cost to the natural capital.
The real debt we have is the debt to our natural capital.”