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Economy in Decay

Published February 17, 2026, 14:10
Economy in Decay

The article analyzes the state of the economy, arguing that it has transformed into a “rentier economy” where wealth is transferred from the many to the few, rather than being created anew. It points out that banks lend based on collateral rather than productivity, creating bubbles and debt. The lack of focus on production and the preference for investments that yield immediate returns, such as real estate and financial transactions, lead to inequality and stagnation. A healthy economy, according to the article, is based on the creation of new wealth through goods, services, and jobs. When loans do not support productive investments but serve to transfer assets, the economy weakens. This results in increased inequality, weakened entrepreneurship, and pressure on households. Political responsibility lies in changing the way money is directed, to promote production rather than appropriation. The economy is defined as how a society decides what to produce, how, and for whom. In a healthy system, the goal is to create new wealth for all, which is not happening in today's “developed” countries. The main problem is that loans are often granted based on collateral rather than the value of the investment, leading to bubbles and crises. The need to change the economic model and promote productivity is emphasized as essential for achieving sustainable development and prosperity.