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It actually reminds me a bit of consumer credit. It’s bad in every conceivable way for society, but good luck explaining that to people who can now buy things t
by dclowd9901 5y ago
It actually reminds me a bit of consumer credit. It’s bad in every conceivable way for society, but good luck explaining that to people who can now buy things they can’t afford because of it.
You can’t fight a hurricane, so I have a card I use for travel points. When in Rome, or this trash fire world we live in…
- sokoloff 5y agoConsumer credit is good for society in some areas. Used properly, it allows someone to smooth their lifetime consumption and production. When you’re first starting out, you have a vast well of future production capacity but also vast current, unmet needs. Expecting people to “just save up” for things that they need is not optimal, especially if that thing they need to save up for is part of what they need to get/keep their first job.
- vaylian 5y ago> but also vast current, unmet needs. Citation needed. Yes, people have needs. But vast unmet needs?
- oblio 5y agoWhen the average person is starting out, unless their parents are rich and help them, they start from scratch from a material point of view. That sounds like they're missing a lot :-)