[...] At a more fundamental level, we should clearly perceive the paradox of debt. The problem with the slogan 'You cannot spend more than you produce!' is that, taken universally, it is a tautological platitude, a fact and not a norm (of course humanity cannot consume more than it produces, like you cannot eat more food than you have on the plate), but the moment one moves to a particular level, things get problematic and ambiguous. At the direct material level of social totality, debts are in a way irrelevant, inexistent even, since humanity as a whole consumes what it produces--by definition one cannot consume more. One can reasonably speak of debt only with regard to natural resources (destroying the material conditions for the survival of future generations), where we are indebted to future generations which, precisely, do not yet exist and which, not without irony, will come to exist only through--and thus be indebted for their existence to--ourselves. so here, also the term 'debt' has no literal sense, it cannot be 'financialized', quantified into an amount of money. The debt we can talk about occurs when, within a global society, some group (nation or whatever) consumes more than it produces, which means that another group has to consume less than it produces [...]