US economic growth is largely illusory because it is debt-fuelled: the economy grew by roughly $6 trillion between 2020 and 2024 while its debt increased by about $12 trillion, a ratio only justifiable if a future technological takeoff supercharges productivity—which Rapley doubts.
factualpending
Speaker
John RapleyEvidence Quote
“the only way you can justify a $12 trillion investment for $6 trillion of growth is to say that a chunk of that $12 trillion investment is going to lead to a takeoff in the growth rate”
Source
Rich Countries Are the Most Likely to COLLAPSE | Aaron Bastani Meets John Rapley— Novara MediaCreated: 6/18/2026, 1:57:52 PM
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