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[+]prairie0 points0 points0 points
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(edited ago)
[–]prairie0 points
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(edited ago)
Usury isn't the problem, it's the legal preventions of the market from properly pricing a bank's IOUs. If I do work but let someone else reap the rewards and then pay me back later, there's nothing wrong with me charging them a little more. Just as if I'm a business owner, I'd like to be loaned some capital that I repay for more later, because I can turn it into even more than that by investing in capital and creating value now.
You won't need to when the family sees degenerate gambler uncle Mike chained to a rock beating stones to gravel in the quarry. It's then that people will think to themselves, do I really need an iPhone X? I have an iPhone 8 already and it's pretty close to that and paid for.
There need to be repercussions for irresponsibility and examples set. Then we can proceed as a civilization.
So you want to enslave people who are harmed by dyscivic behavior rather than ban the thing that was acknowledged for millenia to be the peril of nations.
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[–] Seventh_Jim ago (edited ago)
Barring ursury would solve the problem.
[–] prairie ago (edited ago)
Usury isn't the problem, it's the legal preventions of the market from properly pricing a bank's IOUs. If I do work but let someone else reap the rewards and then pay me back later, there's nothing wrong with me charging them a little more. Just as if I'm a business owner, I'd like to be loaned some capital that I repay for more later, because I can turn it into even more than that by investing in capital and creating value now.
[–] Goathole ago
You won't need to when the family sees degenerate gambler uncle Mike chained to a rock beating stones to gravel in the quarry. It's then that people will think to themselves, do I really need an iPhone X? I have an iPhone 8 already and it's pretty close to that and paid for.
There need to be repercussions for irresponsibility and examples set. Then we can proceed as a civilization.
[–] Seventh_Jim ago
So you want to enslave people who are harmed by dyscivic behavior rather than ban the thing that was acknowledged for millenia to be the peril of nations.
Satanist?