i believe in gift economy and don't agree that extending credit even at favorable rates to the global south is fair. even in your description here you use euphe

i believe in gift economy and don't agree that extending credit even at favorable rates to the global south is fair. even in your description here you use euphemism to cover the forceful removal of what you in the same paragraph as 'life-changing products' > life-changing products to people in need ... to have some level of stable income ... the asset can be recovered they NEED the LIFE-CHANGING asset as long as they can PAY interest. if they default, i guess they don't NEED it. it's not ethical! sorry. it's the same old neoliberal capitalism, just tied to a product which can't be exchanged for food like the old microloans, and can be more easily repossessed. i'm glad you enjoyed the Jacobin article, but you missed the forest for the trees. if you want to do it right, don't charge interest and restructure as a co-op.