Loading ...There is no capitalism. Our economies, and most businesses, are built on debt. And those businesses that are debt free, rely on customers who run on debt. We have a debtist society, a debtist economic system.
A capitalist system would rely upon people building up capital through a profitable enterprise. Basically, by producing more than they need to sell to remain alive.
The ultimate input for everything is labour. Whether it is a clothes peg or a car, the entire cost of it is peoples’ time. Time mining materials or chopping down trees. Processing minerals or carving the peg. Manufacturing and assembling. Being able to borrow money to pay for labour is literally living off borrowed time. It is inflationary and distorts the labour markets. It’s what leads to the boom/bust cycles. The love of money might be the root of all evil, but debt is simply evil itself.
Abolish debt.