130
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Mar 2024
130 points (100.0% liked)
news
23564 readers
683 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 4 years ago
MODERATORS
Even if the situation these people are is entierly pf their own making, usury is still a big problem.
certainly. 100% agree. i believe interest on loans is unethical. probably under an even slightly less absurd rent-seeking, predatory system than our own, the situation i believe they have created for themselves would not even be possible or would certainly be passively discouraged. the ideological frame of the petite bourgeoisie is not to do socially valuable work, but instead leverage one's future to "invest" in scarce resources and corner some market. real estate in a densely populated area being a favorite. they internalize the idea that their capacity for risk is their capacity for success and the path into "success" which is entrance into the haute bourgeoisie.
of course, the haute bourgeoisie already has all the markets cornered and can wait out any deal while the petite bourgeoisie fatted sheep is sheared and slaughtered by their capitalist allies in the banks, pushing them to sell their position lower than they'd like. and this particular sheep, being devoured by the wolves, is crying out that problem is foreign sheep and how the wolves don't have enough power.
Completly agree. These are perverse incentives. They never consider that the "risk" means a portion of them will be sacrificed.
I was listening to a show that had michel hudson the other day and he was talking about how it goes against the laws of thermodynamics. That you cant charge mere interest than a certain fraction of land yields or the society inevitably collapses, thats why most societies frowned upon the practice. And it was allowed on some ventures like trade expedition because it was asumed that most of them would fail and woulndt have to pay anything back.