Did you know? (Economy, Culture, and Finance)

Switzerland: The Most Indebted "Rich" People in the World

8 min · 1. tammi 2026
jakson Switzerland: The Most Indebted "Rich" People in the World kansikuva

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When you think of Switzerland, you think of wealth. You think of stability. You think of banks filled with gold and a population that is financially prudent, conservative, and incredibly rich. But what if I told you that by one crucial metric, the Swiss are the most indebted households on the face of the earth?

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jakson Why Europe Can’t Build Tech Giants kansikuva

Why Europe Can’t Build Tech Giants

If you pull up a list of Europe’s most valuable companies, the names that rise to the top look very different from what you see in the United States. Louis Vuitton. Hermès. L’Oréal. Novo Nordisk. Luxury. Fashion. Perfume. Pharmaceuticals.  Not social media. Not AI labs. Not search engines. Not trillion-dollar software platforms. And for a lot of people, that feels strange. Because Europe is rich. Europe is educated. Europe is technologically advanced. It has some of the best universities in the world. Some of the best engineers. Some of the best designers. Some of the best scientists. So the obvious question is why: why isn't Europe dominating in some of the newest frontiers of technology? And why does Europe instead dominate the “old world” economy while the “new world” economy is overwhelmingly American and Chinese?

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