its basically a history of Debt

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"

no

these people are gambling

with our money

wise has nothign to do with it

no shit; this is why we are in for a fuckin rude awakening

They are investments with the wise ones usually paying off.

its risk -reward

they are seen as wise after

It is a post-hoc rationalization, yes.

thats like me doubling down in blackjack with a 14

and winning

and saying look it was wise

don't confuse a wise investment in a productive endeavor with moving money around for profit

one is captialism

one is not

it is capitalism god

youre going to have to accept that

Well all I know is debt financing is helping me with getting my company funded

if youd like to change it

Isn't the latter one just the dark side of the system?