Walking Dead Capital: Zombie Companies and the Artificial Economy Kept Alive by Cheap Debt

In a healthy capitalist system, inefficient and unprofitable businesses fail. This creative destruction frees up capital, labor, and resources for new, innovative enterprises. But over the last two decades, central banks have short-circuited this natural cycle, creating a terrifying macroeconomic anomaly: the Zombie Company.

Walking Dead Capital exposes the hidden rot within the global stock market. Driven by historically low interest rates and endless corporate bailouts, thousands of massiv...