Like the article mentions, private sector credit systems have the same or similar result in dictating outcomes, but as long as its not from the state, nobody in the west will care about it. Which is very weird because it is exactly how people end up living in worse neighborhoods even if they have enough money to pay rent elsewhere, leading to worse and worse outcomes and no way to change that. A state sanctioned one…
>private sector credit systems have the same or similar result in dictating outcomes I don't know how anyone can say this with a straight face. In the west you can be bankrupt and still buy a first class airline ticket or go to a concert or do damn near anything else so long as you aren't using credit to do it.
> rebuts with a different result
I elaborated enough on what circumstances dictate outcomes. You might have missed the point, which was that we can do things differently and can use this as an opportunity for introspection to make it happen differently.
And again, I am echoing sentiments from the article, so if you think I'm way off base then the whole article is invalid too and you should comment at the top level instead of whatever hairs you want to split with me.