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this post was submitted on 18 Mar 2025
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A Boring Dystopia
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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.
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.
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.
this is a bit bigger than joe smoe overspending on his credit cards.
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.