3 ms·

Debt is essentially sacrificing future well-being for immediate access to some product or service utility normally inaccessible from current market conditions.

Debt is essentially sacrificing future well-being for immediate access to some product or service utility normally inaccessible from current market conditions. Even if a specific type of debt load is not necessarily a liability for personal profit, it is assuredly someones problem eventually... The theory debt doesn't matter only applies to 0.04% of the population dodging tax burdens with structured financial instruments. The interest rates should be set over 14.2% (and we know it), as aristocratic gambling-culture has stolen living-standard value from great-great-grandchildren not even born yet. The poignant question is 'could anyone do anything about the trends', and the short answer is a simple 'No'. https://en.wikipedia.org/wiki/Tragedy_of_the_commons https://en.wikipedia.org/wiki/Tragedy_of_the_commons Have a great day, =3

cess11 3y ago
Might want to read this monograph from 1990: https://www.cambridge.org/core/books/governing-the-commons/A8BB63BC4A1433A50A3FB92EDBBB97D5 https://www.cambridge.org/core/books/governing-the-commons/A...
- Joel_Mckay 3y ago
  Another counterargument: is the opportunity for individuals to improve family living standards increasing or decreasing since the 1950's? I'll spare you the exhaustive list from education, housing, infrastructure, and medical service access. It is not, kids are no longer getting stable jobs, their own homes, or starting families until later in life. In my opinion, creating financial securities out of communities just turned most cities into theme-park economies. Fun, but innately unsustainable for all visitors except the board. Personally, I have found the contradictions formed between macroeconomics and microeconomics fascinating. Primarily because tragedy can be profitable in a global context, but destructive from a personal perspective. "Do you want to be right or do you want to be happy?" (Phillip C. McGraw)
  - cess11 3y ago
    You haven't changed my mind, I still think you ought to read Ostrom. "Mankind does not strive for happiness; only the Englishman does". (Friedrich Nietzsche)
    - Joel_Mckay 3y ago
      Nietzsche spent most of his time in a brothel, and is hardly an authority on moral intellectualism. I actually really respect you have a differing opinion, as most of my data driven conclusions are statistical rather than philosophical in nature. Have a wonderful day, and good luck out there =3
      - cess11 3y ago
        Kinda weird to make stuff up like that. Maybe you're confusing him with Toulouse-Lautrec, known for moral strength rather than moral intellect? Nietzsche's The Geneaology of Morals is arguably the most important treatise on christian morality in the previous century, possibly that millenium.
        Joel_Mckay 3y ago
        Nietzsche was a smart man that had a difficult personal story, and it is interesting to learn about his life. He was suspected of suffering neurological issues from syphilis... obviously not a particularly amusing subject before the invention of antibiotics. I never make stuff up unless it is obviously funny or someone makes me a liar... my neutral evil temperament usually ensures stoic honesty even when being deceived. Some of my most cherished friends don't agree with me about most things =3
        cess11 3y ago
        I don't think you have learnt about his life, or read his more important books.
        Joel_Mckay 3y ago

cess11 3y ago

Might want to read this monograph from 1990: https://www.cambridge.org/core/books/governing-the-commons/A8BB63BC4A1433A50A3FB92EDBBB97D5 https://www.cambridge.org/core/books/governing-the-commons/A...

Joel_Mckay 3y ago
Another counterargument: is the opportunity for individuals to improve family living standards increasing or decreasing since the 1950's? I'll spare you the exhaustive list from education, housing, infrastructure, and medical service access. It is not, kids are no longer getting stable jobs, their own homes, or starting families until later in life. In my opinion, creating financial securities out of communities just turned most cities into theme-park economies. Fun, but innately unsustainable for all visitors except the board. Personally, I have found the contradictions formed between macroeconomics and microeconomics fascinating. Primarily because tragedy can be profitable in a global context, but destructive from a personal perspective. "Do you want to be right or do you want to be happy?" (Phillip C. McGraw)
- cess11 3y ago
  You haven't changed my mind, I still think you ought to read Ostrom. "Mankind does not strive for happiness; only the Englishman does". (Friedrich Nietzsche)
  - Joel_Mckay 3y ago
    Nietzsche spent most of his time in a brothel, and is hardly an authority on moral intellectualism. I actually really respect you have a differing opinion, as most of my data driven conclusions are statistical rather than philosophical in nature. Have a wonderful day, and good luck out there =3
    - cess11 3y ago
      Kinda weird to make stuff up like that. Maybe you're confusing him with Toulouse-Lautrec, known for moral strength rather than moral intellect? Nietzsche's The Geneaology of Morals is arguably the most important treatise on christian morality in the previous century, possibly that millenium.
      - Joel_Mckay 3y ago
        Nietzsche was a smart man that had a difficult personal story, and it is interesting to learn about his life. He was suspected of suffering neurological issues from syphilis... obviously not a particularly amusing subject before the invention of antibiotics. I never make stuff up unless it is obviously funny or someone makes me a liar... my neutral evil temperament usually ensures stoic honesty even when being deceived. Some of my most cherished friends don't agree with me about most things =3
        cess11 3y ago
        I don't think you have learnt about his life, or read his more important books.
        Joel_Mckay 3y ago