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RE: Is Debt Becoming Irrelevant?

in LeoFinance2 years ago

I have a hard time thinking the debt system is going to go away. It’s so effective at keeping people enslaved and subservient to the powers that shouldn’t be. I want to live in a world where we can do things we enjoy and spend time fruitfully instead of being stuck in something we abhor for people that despise us. I just can’t picture how we transform things enough to make that possible but it’s not out of the question. Maybe I’m just not creative thinking enough right now which is pretty likely.

At any rate - I hope that we can wrestle control away from these people and get things back to where it’s a benefit to large groups of people instead of centralizing everything for the benefit of a few bored people.

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Debt wasn't invented to control the population: that's just a side-effect.
If the core need for debt goes away then it disappears.
The core need for debt is an extremely high overhead cost for building things.
Can tech reduce this cost? At best only in certain areas.
Our reality is infinitely scalable as far as we know.