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3
3
Yes No
Debate Score:6
Arguments:6
Total Votes:6
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Argument Ratio

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 Yes (3)
 
 No (3)

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ChuckHades(3197) pic



Should the global economy ever be "reset"?

If we reached a point now or in the future where the global economy collapsed on an unprecedented scale, would starting from scratch work? From Granny Smith's mortgage, to the IMF, every figure would be set to ZERO (pounds, dollars, whatever currency you prefer). What do you think the consequences would be? 

Yes

Side Score: 3
VS.

No

Side Score: 3

What you're talking about is essentially getting a new currency, or a country defaulting, but on a large scale, I'm assuming? I see no reason why it couldn't happen on a global scale, but the problems we'd have to face to get to a position where it's the best choice are amazingly scary. Global hyper inflation would destroy market confidence, even a reset would cause so many millions of problems.

Side: yes
1 point

*

Side: Yes
1 point

I dont think so as my worry is that if they did that the governments round the world would just be a mess and it's not that easy to reset we would have lots of unrests from other countys it would mean lots of fallouts from countys

Side: No
johnpoot Disputed
1 point

Side: Yes
1 point

no, because that would make The U.S., China, Russia, ect. all be exactly as rich as Africa. Every country would then all be the same. Although it sounds like a good idea, doing this would pretty much wipe out any victory any country had in the past.

Side: No
1 point

It would not be possible to reset as you have described. I am not sure where you got this idea.

Side: No