Capitalism isn’t paying enough for workers to live off of and they system is papering over it with debt. Problem is debt isn’t a sustainable way to do it since it has to get paid back. We’ve been seeing sketchier and sketchier things happening in finance and when these loans don’t get repaid (and this article is a sign we’re getting close) the whole house or cards comes tumbling down
Capitalism isn’t paying enough for workers to live off of and they system is papering over it with debt.
There is also zero incentive to change any of this because it’s win/win for the people at the top: They get to underpay their workers (more money for them), and then they (or some others in their class) make absolute fortunes on selling and perpetuating that debt.
Capitalism isn’t paying enough for workers to live off of and they system is papering over it with debt. Problem is debt isn’t a sustainable way to do it since it has to get paid back. We’ve been seeing sketchier and sketchier things happening in finance and when these loans don’t get repaid (and this article is a sign we’re getting close) the whole house or cards comes tumbling down
There is also zero incentive to change any of this because it’s win/win for the people at the top: They get to underpay their workers (more money for them), and then they (or some others in their class) make absolute fortunes on selling and perpetuating that debt.