Credit debt is voluntary enslavement, and the borrower is the problem. Its as simple as NOT borrowing the money if the interest terms are unnacceptable.
That view is valid at the individual level. The societal consequence of allowing the behavior is predictable and historically observable, as ready availability of credit alters the market. Debt slavery becomes normalized as those possessing large amounts of liquid assets continuously seek to maximize RoI.
Its a great system to the individualist; Nationalists see it as demonic.
[–] Creggieb ago
Credit debt is voluntary enslavement, and the borrower is the problem. Its as simple as NOT borrowing the money if the interest terms are unnacceptable.
[–] Seventh_Jim 0 points 1 point 1 point (+1|-0) ago
That view is valid at the individual level. The societal consequence of allowing the behavior is predictable and historically observable, as ready availability of credit alters the market. Debt slavery becomes normalized as those possessing large amounts of liquid assets continuously seek to maximize RoI.
Its a great system to the individualist; Nationalists see it as demonic.