World is not enough in debt.
In order to economy Grow the debt is needed more debt we still have people whos debt free If more people get in debt then more economical activity so those in debt will work with 2 jobs not with just one Job.
We moving towards that more and more people will have debt burden on them car leases insurances mortgages and much more things.
UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.
And where are we gonna get the money to pay for it?
The thing about debt is that it's only effective when the promise of pay is more prevalent than the contrast. And since the world is going in the shitbox as days go by, we can't say for sure whether getting into more debt to further industrialize and globalize things is still the right course of action. Worst is that it will definitely push said globalization and progress, but since there's no real money to be made in this process banks and other financial agencies will go after their money, further monopolizing property ownership, making things even harder for the average joe.
So yeah, this would've worked in the past but certainly not right now. Every country's hanging on a thread, especially US, China's on the move to make things even worse for everyone, and Russia's pretty much doing the same shit, we're facing a third world war, and things aren't looking bright right now to even assume said globalization through debt programs.
Better to just save money as a businessman and make sure that the moneyflow is intact instead of pushing for greater endeavours at this point.