Part 2/8:
Tim highlights a startling truth about modern economies, particularly in the West: they are predicated on debt. Many individuals find themselves trapped in a cycle where they must spend more than they earn to maintain economic growth. This debt-based economy encourages continuous spending, leading consumers to accumulate more debt in order to keep the system functioning. The irony lies in the fact that as people spend beyond their means, their financial struggles intensify, raising concerns over long-term economic viability.