I'm an immigrant from France in Hong Kong, another predatory capitalist jurisdiction, and even here it's still bounded by some logic. Payday loans are really fr

I'm an immigrant from France in Hong Kong, another predatory capitalist jurisdiction, and even here it's still bounded by some logic. Payday loans are really frowned upon, I think there's something in Chinese societies, just like the French one I come from, that prevent people to fully enslave themselves in silly debt on the same massive scale as the US. And kids can trade somewhat here, at least every child has a stock account managed by his parents, the national sport being speculative trading here, so we ARE the jungle too. We're discussing a bankrupcy low, which I think would put the final nail in the predatory coffin - in the last few years I've seen the bank evolve from full-on anti-client predators to finally proposing Debit cards !!! But nobody in France, or in Hong Kong, would take a 30-year student loan. It seems nearly possible in the U.S., at the start of your life. How can they do that to each other, ofc kids are stupid and think college is about "the college experience" that the loan makers pushed via financing movies about it and won't choose the local one with good enough teachers that cost nothing and move on. I think they should really close the ivy league schools, opt out of Shanghai ranking, forbid foreigners - just like France does involuntarily (no top school, Shanghai snubs us, foreigners don't care about education in the French language) which ends up with cheap colleges for local kids with good enough teachers. But admittedly poorer research funding, but I never understood why we need to learn corporate finance or java enterprise deployment or heart surgery from researchers writing theoretical papers ONLY.