%0 Journal Article
%T Harvesting, Tokenizing, and Sharing the Influence of Planetary Abundance to Mitigate the Global Debt Catastrophe
%A Fazal Raheman
%J Theoretical Economics Letters
%P 125-163
%@ 2162-2086
%D 2024
%I Scientific Research Publishing
%R 10.4236/tel.2024.141008
%X The global debt crisis of mega proportions is heading towards the
collapse of our economic systems. Posing as one of the existential threats to
humanity, the perpetually increasing debt/GDP ratio projected to rise to 1300%
by 2030 has no cure unless a radical new approach replaces or complements our current
scarcity-focused, centralization-prone economic approaches. One such approach
evolved from the 2008 economic crisis that resulted in the birth of a
technology that made decentralization of any ecosystem free of human biases and
prejudices. Hailed as the greatest advancement since the invention of the
internet, blockchain is a liberating force of the digital age and a potential
enabler of the 21<sup>st</sup>-century sharing economy (Sharonomics) that
transforms scarcity-centered legacy economic systems to one of abundance.
Tokenizing that planetary abundance to offset the massive global debt may be a
utopian dream at the present time but by applying the law of accelerating
returns to the technology advancements of this century, a credible path can be
hypothesized and pursued. The principle aim of this research is to provide
theoretical support to such a hypothesis suggesting future research avenues
towards a possible solution. The research methodology follows the narrative and
integrative literature review approach based on peer-reviewed reports.
%K Sharing Economy
%K Global Debt
%K Abundance
%K Existential Threat
%K Blockchain
%K Financialization
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=131361