What alternative would you propose for providing loans?
Making things affordable (or just priced within reason) if they are considered a necessity to live in society.
Yes, there are survival necessities ie. food, water, shelter. But in modern society, we can add Internet, phone, car (depending on where you live) or bus pass etc, and probably tuition for at least a bachelor’s degree.
If you want to buy a boat or some shit, then sure, you should have to take out a loan.
Love your optimism, but “making things affordable” is not a valid plan for managing resources. It provides a goal without a solution.
Are you suggesting price fixing? That has a lot of associated outcomes that typically cause worse situations than doing nothing.
You can introduce a guaranteed buyer at fixed price points which alleviate some of the negative consequences, but add others.
These are not simple problems. The reason these problems exist isn’t solely because “rich and powerful people are evil” as nice as that would be. These problems still exist because they’re complicated and ‘one size fits all’ solutions haven’t been found for them.
Again, love the lofty goal you’re setting, but you pretty blatantly don’t mention an alternative system. Easy to point out a problem, much harder to build a real solution.
The funny thing is, capitalism happened organically. It wasn’t a designed system. So dismantling capitalism without a solid replacement will likely just lead right back to capitalism.
I think a better goal may be to make plans affordable. Loans are a valuable tool, if they’re at a decent rate, so restructure them. Interest never compounds. Rates have to be reasonable. Payments always come out of principle, with interest tacked on and paid at the end of the loan’s life. It’s also a reeeeeeally hard task to say just “make things affordable”
Making things affordable (or just priced within reason) if they are considered a necessity to live in society.
Yes, there are survival necessities ie. food, water, shelter. But in modern society, we can add Internet, phone, car (depending on where you live) or bus pass etc, and probably tuition for at least a bachelor’s degree.
If you want to buy a boat or some shit, then sure, you should have to take out a loan.
Love your optimism, but “making things affordable” is not a valid plan for managing resources. It provides a goal without a solution.
Are you suggesting price fixing? That has a lot of associated outcomes that typically cause worse situations than doing nothing.
You can introduce a guaranteed buyer at fixed price points which alleviate some of the negative consequences, but add others.
These are not simple problems. The reason these problems exist isn’t solely because “rich and powerful people are evil” as nice as that would be. These problems still exist because they’re complicated and ‘one size fits all’ solutions haven’t been found for them.
The obvious solution is to dismantle capitalism and destroy anyone that gets in the way.
Again, love the lofty goal you’re setting, but you pretty blatantly don’t mention an alternative system. Easy to point out a problem, much harder to build a real solution.
The funny thing is, capitalism happened organically. It wasn’t a designed system. So dismantling capitalism without a solid replacement will likely just lead right back to capitalism.
I think a better goal may be to make plans affordable. Loans are a valuable tool, if they’re at a decent rate, so restructure them. Interest never compounds. Rates have to be reasonable. Payments always come out of principle, with interest tacked on and paid at the end of the loan’s life. It’s also a reeeeeeally hard task to say just “make things affordable”