One way to turn this around would be to operate on a collateral based economy instead of a debt based one. You have to put up money in order to get money. Obvi

One way to turn this around would be to operate on a collateral based economy instead of a debt based one. You have to put up money in order to get money. Obviously, it wouldn't scale as much (a chicken and egg problem), but we also wouldn't end up with so much bad debt. Today, we're basically lending to people who already don't have money. How do we ever expect to get it back?