Message from @BabaBooey
Discord ID: 638060956202565663
demanding everyone pay for your gibs is the most entitled low iq bullshit
@Lucienne d'Anwyl you already pay for their gibs
it isnt a subsidy if its a private loan
id rather it go to the people
i know we should pay even less
kek
rather than admistrators
continue monkeying around baba
it's still a subsidy if the loan is given for something that won't result in a return on investment
see where that gets you in life
kek
making sure nobody has student loans... "WTF FUCK OFF WITH THAT GIBS ME THAT""
making sure university admins get a huge bonus with the same money
"LMAO THEY EARNED IT FUCK OFF THEIF"
just cause the gov isn't making the loan, doesn't mean it doesn't have the same effect regarding the market forcing the university providing the education to have actual value
also a society with high rates of debt is unhealthy and unproductive
from a capitalist viewpoint
if there is no regard to giving loans that only show the potential to return an investment, it isn't capitalism
it's giving people an allowance
in fact i reccomend a book,
"Debt, the first 5 thousand years by David Graeber"
Debt financing baby
when parents give children an allowance regardless of their input, it's a type of subsidy or styphon
from ancient sumeria to today
and jjust how nefarious it really is we simply see it as "just bring me back two for the one i lent you" but its a bit more complicated
Nothing wrong with debt, it’s the American way
inevitable, the supplier will raise their prices to the level at which they can maximize profit
there is EVERYTHING wrong with reckless debt
i can agree
Debt is bad.
again i urge everyone to read that book its not commie prop
Reckless debt is inconceivably bad.
Lmao debt financing helps u save a shit ton of money
debt is a toxic sludge to society
capitalism involves TWO elements: 1) storing value in capital by earned money with labor ; 2) making wise investments that provide a return
Wait.. that's an agreement point there... whoaaa.
debt financing is cancer
Absolutely
it will lead to the system imploding
i dont agree with point 2 neccesarily
it takes all the risk and moves it to the worker
Cornerstone of many modern businesses is debt financing
"wise invenstments"