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WeedleTLiar on scored.co
1 year ago7 points(+0/-0/+7Score on mirror)
The interest thing can't be understated. Every problem with capitalism comes from interest.
Big Banks? Exist only due to interest on loans.
Multinational, unaccountable corporations? Funded by shareholders who expect interest on their investment.
Debt itself? Almost totally comprised of interest payments, not principal.
Interest is what causes the constant inflation that eats your savings and weakens your dollar.
Every dollar that goes to interest goes to someone unproductive; it's a dollar that could have bought something useful but is instead given to a parasite.
Big Banks? Exist only due to interest on loans.
Multinational, unaccountable corporations? Funded by shareholders who expect interest on their investment.
Debt itself? Almost totally comprised of interest payments, not principal.
Interest is what causes the constant inflation that eats your savings and weakens your dollar.
Every dollar that goes to interest goes to someone unproductive; it's a dollar that could have bought something useful but is instead given to a parasite.