this post was submitted on 07 Jun 2024
999 points (92.2% liked)

Memes

49881 readers
2643 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 6 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml
999
the debt (lemmy.world)
submitted 10 months ago by Varven@lemmy.world to c/memes@lemmy.ml
164 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] volodya_ilich@lemm.ee 0 points 10 months ago

If the lenders operate with the purpose of maximizing profit, then yeah, it makes sense not to loan money to people in precarious situations except at high interest rates, that's my whole point: that's evil, the profit motive leads to evil decisions. Let's have public banks instead, where interest rates for loans are equalised, in the same way that every taxpayer gets identical access to healthcare regardless of how much they contribute through their income.