Compound interest over time causes gaps between the rich and poor to grow exponentially. The wider the rich poor gap the less efficient your economy. Societies

Compound interest over time causes gaps between the rich and poor to grow exponentially. The wider the rich poor gap the less efficient your economy. Societies that realize this implement debt forgiveness policies such as https://en.m.wikipedia.org/wiki/Jubilee_(biblical) https://en.m.wikipedia.org/wiki/Jubilee_(biblical) and modern bankruptcy and inflation. Societies that fail to do this stagnate, with many in them trapped by debt slavery. Slow growing stagnant societies lose competitions for resources to societies that implement debt forgiveness. Sometimes stagnant societies implode in civil wars and revolutions as happened in France, Russia, China. This also results in wealth gaps shrinking but at far greater cost.