4 ms·
Computers, not the internet, allowed for banks to issue and track huge sums of debt at near zero cost. This allowed land prices to trend up to the maximum possi
by amiga_500 7y ago
Computers, not the internet, allowed for banks to issue and track huge sums of debt at near zero cost. This allowed land prices to trend up to the maximum possible amount that people could service the debt at.
This means people are now working as slaves for banks, making life pointless. This is why people are angry.
- JohnFen 7y ago> This means people are now working as slaves for banks, making life pointless. This is why people are angry. Many people, perhaps, but not all. Many, maybe most, of my friends and family are nothing like slaves for banks, and aren't carrying anything like a burdensome load of debt.
- harimau777 7y agoAre they people who either already had access to land, are in a high enough wealth bracket that they can purchase land, or don't care about owning land? Perhaps the OP's statement could be modified to "Many people are angry because they care about owning land but are unable to do so without becoming slaves to banks".
- JohnFen 7y agoA couple own land outright, but most don't care about owning land at all. Your restatement makes more sense, but speaks to a specific subset of the general population.
- amiga_500 7y ago> Many people, perhaps, but not all. Yes. > most, of my friends and family are nothing like slaves for bank Anecdote.