4 ms·
That is a sweeping (and incorrect) generalization. Except the credit part, all the other things are optional. And even for credit, I am not sure interest is ne
by sifar 6y ago
That is a sweeping (and incorrect) generalization.
Except the credit part, all the other things are optional.
And even for credit, I am not sure interest is needed. That leads to the world devouring growth that we have.
Just because we inherited a world where these things exist, the tendency to attribute them all to these things is not wise. I don't know what to call this fallacy.
- apta_ 6y ago> And even for credit, I am not sure interest is needed. That leads to the world devouring growth that we have. Exactly. It's not needed. It causes a growth at all cost situation we see today (and one cost is debt slavery for a large portion of the population, increasing the wealth gap).