Quote by Fareed Zakaria

In a world awash in debt, power shifts to creditors.


In a world awash in debt, power shifts to creditors.

Summary

This quote suggests that in a society where debt is prevalent and pervasive, the balance of power tends to favor those who lend money, the creditors. Such a scenario implies that those who owe money become dependent on the lenders, providing creditors with a certain level of control and influence. Consequently, financial debt can lead to an uneven distribution of power, where borrowers often find themselves subservient to the demands and interests of their creditors.

By Fareed Zakaria
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