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Just because the method of oppression is different doesn't mean we are free from the same class of oppression. Credit is almost a necessity in American life, e
by chrischen 6y ago
Just because the method of oppression is different doesn't mean we are free from the same class of oppression.
Credit is almost a necessity in American life, even if it is theoretically possible to buy a house paid in cash up-front. Doing so would be stupid because of opportunity costs on that cash.
Apple now offers 0% interest financing. This isn't really a matter of using credit / paying in cash as it is literally free money that a class of people who may not have credit will not have access to.
- godelski 6y agoLet's be real, if credit didn't exist only rich people would be able to afford things like an education or property. Sure, we can talk about it being out of control with things like student loans and auto loans but a system that is being abused doesn't necessitate the abolishment of the system all together. That would be like saying that no one can ever get married because you had an abusive partner. The situation is messed up, but the root of the issue is not in the system, it is in the abusive partner. Maybe we can iterate on the system to reduce the ability to abuse, but now we're talking something different.