Bulgaria: Experts Warn of Property Erosion in the Age of Subscriptions

Bulgaria: Experts Discuss Property Erosion and the Subscription Economy In a recent video interview, economic experts Jan Fijor and Peter Schiff discussed the growing trend of property erosion and the shift towards a subscription-based economy in Bulgaria and beyond. The discussion highlighted the increasing loss of individual ownership of physical assets and the consolidation of power in the hands of large corporations. "The world as we knew it is disappearing," stated Fijor, referencing the increasing reliance on subscription services for essential goods and services. Schiff added, "This isn't just a new trend; it mirrors historical patterns seen in communist economies, where individual ownership was severely restricted." The experts provided examples such as music streaming services (Spotify) and movie platforms (Netflix), illustrating how access replaces ownership. They also discussed the implications of this trend for future generations and the potential for increased economic inequality. While the transition to a subscription economy offers convenience and accessibility, the long-term consequences for individual financial security and freedom remain a topic of ongoing debate. The conversation underscores the need for careful consideration of the economic and societal impacts of this evolving model.