I’m not an economist, but I’m not aware of any economic systems that work without a lending component.
Without lending that means you’ve got one group of people with stuff that don’t need it, and another group of people with need for stuff but without stuff. Without lending there’s no way for the people with needs to get stuff, and the stuff is wasted sitting without being used.
Yeah pretty much. It’s just, in a capitalist system (without some kind of overarching ideology shaming people into not doing it), there is no lending without profiting. Nobody is going to lend their money out of the goodness of their heart in this system.
How about we don’t build an economy on borrowing?
I’m not an economist, but I’m not aware of any economic systems that work without a lending component.
Without lending that means you’ve got one group of people with stuff that don’t need it, and another group of people with need for stuff but without stuff. Without lending there’s no way for the people with needs to get stuff, and the stuff is wasted sitting without being used.
Thats the world you want to live in?
Well usury is harem in Islam, so you can do it without the insane profiteering.
So your problem isn’t lending, its just large profits on lending?
Yeah pretty much. It’s just, in a capitalist system (without some kind of overarching ideology shaming people into not doing it), there is no lending without profiting. Nobody is going to lend their money out of the goodness of their heart in this system.
Though mutual aid could probably solve this.