Hi-C

5y

It’s funny because you can spot a neo liberal from a mile away. Either they cape for capitalism because they hope to one day benefit from it or they’ve always benefitted from it and don’t want it to change because that means they have to admit they have always had an unfair advantage

Lightsxo

5y

On interest or socialism?

Re interest, it’s the best practise for both consumer and the lender. The consumer has the power not to undertake a contract if he/she deems the rates to be too high and the lender chooses whether the loan is risky or not.

Default

5y

Because there is no incentive to loan money and take the risk of the other party defaulting without interest

Hi-C

5y

It’s funny because you can spot a neo liberal from a mile away. Either they cape for capitalism because they hope to one day benefit from it or they’ve always benefitted from it and don’t want it to change because that means they have to admit they have always had an unfair advantage

DUMMIE

5y

Wouldnt there still be debt in communism

DonutHole

5y

You really talking to a poster who cites Thomas sowell as an authority on finance...

Ooo

5y

Thank you that’s all I needed

DUMMIE

5y

This fax what it got to do with interest tho

Hi-C

5y

Why do you think the socio-demographics are so poor in those areas? Why do people still buy properties if there is no reason to renovate?

Furthermore, why do you think making others pay for overpriced housing is a fair and just way to earn capital? Lastly, you’re assuming that the people who own property actually do the renovation themselves. They again, through capital accumulation, hire others to do their work and sit back and collect a check because people NEED a place to live and don’t have any other option.

A renter doesn’t give a f*** whether you had to put yourself through college and have an insane amount of debt or if your parents literally put you through college and you don’t have a single cent of debt. They see you as a check that they need at the end of the month. How do you look at that system and justify it as not problematic. If you are attributing the problem elsewhere, then you’re admitting that somewhere, there is an issue.

Hi-C

5y

It’s just the concept promote predatory behavior and is extremely one sided to people who have always had the means to invest. Someone who has everything to lose and nothing to gain is always gonna be at the disadvantage.

If Daddy CEO gives me $10000 to invest in some stocks for play money, I lose nothing because at the end of the day, it’s only $10000 which isn’t s***, that’s like a fifth of the car I got for graduation.

If Brokeboi Benny whose parents never had s*** has to work a 9-5 and takes out a loan for $10k and it f***s up, that s*** gonna chase him for the rest of his life. Why is that fair?

Both niggas tryna run a 100 m dash but one dude starts 50 meters ahead and the other has to wait 3 seconds after the gun.

Faygo

5y

why would you only give money so that you yourself could make some sort of profit ?

Side Nigha

5y

This is such an ass backwards take. Oh god here come the stupid socialists. I don’t got time today. “The less productive you are the more you gain”.

Lightsxo

5y

I’m sorry but what is this argument lol

SABMAN TURNT

5y

you gave a null hypothesis. i returned a statement to prove the null hypothesis wrong.

Gangstalicious

5y

Exactly it's an option for people who want the capital to start something. You can live your entire life not choosing to take out a loan. If there was no financial incentive why the f*** would people just hand out large amounts of money they could potentially lose?

Synopsis

5y

yet at the same time ceo payrates have soared

DonutHole

5y

You really talking to a poster who cites Thomas sowell as an authority on finance...

user

5y

what is the logic behind the "the jews" posts ITT

and what is the logic behind it being anti semitism

im lost on both sides

im somewhat aware that "people" say that jews are all powerful in hollywood/banking but i never really got into it

genuinely asking

Synopsis

5y

can you explain why wages have not grown alongside gains in productivity the last 4 decades or so

Hi-C

5y

That socioeconomic factors play a role into why interest is a problematic system and that you looking at it in a vacuum is f***ing stupid

Lightsxo

5y

The main benefit of a somewhat free market is a choice

If broke benny from your example, is in that dire straights and he/she still makes a risky investment, the blame is on him not on any bank and predatory behaviour.

Synopsis

5y

yet at the same time ceo payrates have soared