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You objected to the assertion that society has been set up to reward ownership of capital. You somehow fail to acknowledge that when lending at interest is disa
by mietek 12y ago
You objected to the assertion that society has been set up to reward ownership of capital. You somehow fail to acknowledge that when lending at interest is disallowed, owning capital does not automatically lead to accumulating more capital — a process which you called “a law of nature”, and which is clearly anything but.
The question is not whether reasonable interest rates are more profitable than others, but rather — whether society would be better off if lending at interest was disallowed altogether. I submit that it would.