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> greed has been distracting too many from the damn point I also suspect that another factor is ever increasing acceptance of the immutability of debt. When mo
by worldsayshi 2y ago
> greed has been distracting too many from the damn point
I also suspect that another factor is ever increasing acceptance of the immutability of debt. When most people are stuck in debt they have to keep running in the treadmill.
Imagine if there was a non-blockable way for everyone to vote on a universal debt cancellation event - "Should we all just from now on ignore any debt incurred before today? ¤ yes, ¤ no".
- pixl97 2y ago>everyone to vote on a universal debt cancellation event Just look at the student loan forgiveness debacle. It seems our population would sooner vote in capital punishment for not paying debt.
- ryandrake 2y agoIt's also why the US never votes to fix health care. "I suffered a terrible system, therefore the next generations must, too." Crab bucket mentality.
- ryandrake 2y agoA one-time debt reset would be a great experiment, but without also resetting who owns the businesses and who doesn't, the same people would eventually be back to the same levels of debt. You need to correct the derivative and the second derivative.
- worldsayshi 2y ago> the same people would eventually be back to the same levels of debt Well there's always the option of periodic debt cancellation. Such ideas are not untested: https://en.wikipedia.org/wiki/History_of_debt_relief https://en.wikipedia.org/wiki/History_of_debt_relief