I’m not talking about rent, I’m talking about the massive credit card and loan debt that has propped up millions of folks trying to live a lifestyle they can’t really afford. In the US, it’s incredibly common for folks to just take on debt for stupid shit, like a jacked up truck they only ever use to drive to the grocery store.
this is the 6th time in the past 2 days i see this argument. blaming the people for using the system that has been forced on us over the past 20 years to bolster GDP.
Nobody is forcing you to get a credit card. It’s the stupid american culture that is making you do that. The amount of people who solely use all their income on nothing but food and rent are nowhere near as many as the people who use it to live beyond their means and pay for their overconsumption.
Oh yes I agree its the systematic failure of american people to fuck up their own country over generations and be happy about it. In the current era of unparalleled freedom of information, there is no excuse other than being stupid and believing you are not.
I think its american exceptionalism that is to blame since americans geniuinely belive they do not live in a 3rd world oligarchic shithole and that they know what freedom and democracy means.
Good news is the current crisis is literally the thing people need to understand what freedom is and why it is important since you have lost it for the first time.
it’s not just america. the entire west had to switch from the keynesian system to the friedman system after america and the uk’s pinochet experiment. unfortunately friedmans system doesn’t work if everyone does it; and the patch is currently to take advantage of the poor as new loan takers are born every day and it’s currently the only way to inject more cash into the economy.
Just don’t pay. Debt-strikes are far more damaging than a work-stoppage.
It’s most likely that people won’t have a choice. Many people, anyway, from what I understand of USian wages and cost of living.
I’m not talking about rent, I’m talking about the massive credit card and loan debt that has propped up millions of folks trying to live a lifestyle they can’t really afford. In the US, it’s incredibly common for folks to just take on debt for stupid shit, like a jacked up truck they only ever use to drive to the grocery store.
this is the 6th time in the past 2 days i see this argument. blaming the people for using the system that has been forced on us over the past 20 years to bolster GDP.
i smell an attempted narrative change.
Nobody is forcing you to get a credit card. It’s the stupid american culture that is making you do that. The amount of people who solely use all their income on nothing but food and rent are nowhere near as many as the people who use it to live beyond their means and pay for their overconsumption.
this is a bit bigger than joe smoe overspending on his credit cards.
Oh yes I agree its the systematic failure of american people to fuck up their own country over generations and be happy about it. In the current era of unparalleled freedom of information, there is no excuse other than being stupid and believing you are not.
I think its american exceptionalism that is to blame since americans geniuinely belive they do not live in a 3rd world oligarchic shithole and that they know what freedom and democracy means. Good news is the current crisis is literally the thing people need to understand what freedom is and why it is important since you have lost it for the first time.
it’s not just america. the entire west had to switch from the keynesian system to the friedman system after america and the uk’s pinochet experiment. unfortunately friedmans system doesn’t work if everyone does it; and the patch is currently to take advantage of the poor as new loan takers are born every day and it’s currently the only way to inject more cash into the economy.
Groceries.
The debt is for groceries.
Super wealthy people portray it like you just did, but what you said isn’t accurate.
People are putting basic necessities on credit cards now.