The Economist has published a 'Debt Clock' showing government debt across the globe.
Link
What are we to make of this? The strong implication seems to be debt always = bad. But if you look at the countries with the lowest debt they also seem to be those with the least developed industrial and economic infrastructure.
Is a certain level of debt necessary for economic and productive progress? Is this 'clock' just pursuing the fallacy of big numbers?
Or is it a fair reflection of a problem that the Western world seems unable to adequately acknowledge?
What do you make of it?