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My current theory is ' tragedy of the commons ' applied to debt.
by athrowaway3z 6y ago
My current theory is ' tragedy of the commons ' applied to debt.
- Y_Y 6y agoPlease explain that. And please explain what's going on with those quotes.
- athrowaway3z 6y agoThe quotes are just to indicate its the general concept of tragedy of the commons. The parent comment reads as if they are appalled by a decline in virtue these days. And looking at America through the lens of the internet I tend to agree that things are not that great for the median person. Mass consumer debt is a recent invention. I call it a tragedy of the common because every lender wanted to get in on it ( Its very profitable after all ). Having a saturated pool drives lenders not to compete on price, but on their ability to enlarge the pool of people to lend money to. I don't believe people are naturally entitled, but (money) stress shortcircuits the brain. It allows people to do things that they know suck for other people. ( And it makes them dumber overall, but that's another discussion entirely ) And i know, one sentence isn't going to cover the infinity complex situation. But i feel that push to normalize consumer debt but the US on an inevitable path of normalizing individual greed. That what andrewstuart noticed.
- fullshark 6y agoI don't see how any of these things are connected