Hearted Youtube comments on Bloomberg Originals (@business) channel.
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At least from the video, I'm not sold on the paper. We are assuming that $515 quintillion is a massive amount for the Star Wars universe. However, we don't know enough about the debt or underlying economics to make that judgement. Here's why:
1- Through my extensive but not complete consuming of Star Wars material, I've found no way of understanding GDP per capita. Without a baseline income number to work off of, any debt numbers are meaningless. If we don't know the total Empire's Debt to GDP ratio, we don't know how much trouble they are in.
2- Functionally, the Galatic Empire's bonds should be the safest in the Galaxy. Imagine US Treasury bonds but backed by every government everywhere. It can't go bankrupt because it's the underpinning of all financial institutions everywhere. There is no foreign capital and very few alternative investments. Thus, even if the new government declares bankruptcy, creditors are unlikely to hold off on it because it's still the safest investment you can make. For the Galatic government to go bankrupt, they would have to build two death stars and then have them destroyed by a band of rebels. What are the odds of that happening again?
To me, Emperor Palpatine, despite the WashU Prof's assertions, didn't make a strong financially backed play. He didn't even have the support of the guild/trade systems. Sounds like he should have hired an accountant instead of Darth Maul tbh.
Thanks for coming to my Ted talk.
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