Imagine a simple closed system.

A bank has $10 and it has 10 customers that each borrow $1

Each customer is required to pay back $1 plus $0.10 in interest

So each customer owes $1.10

This adds up to $11 so all 10 customers are now fighting g each other for that extra dollar that didn’t exist. The only logical outcome is someone has to go bankrupt

This is a simplified version…But it’s essentially where we all find ourselves… We’re all fighting each other to get the interest the banks add in a system where the money is just conjured up out of thin air anyway.

Why do we put up with this?

  • lurch (he/him)@sh.itjust.works
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    15 days ago

    what? i’m not fighting other customers to get the interest the bank collected. Who are the ppl in this scenario who do this fighting?

    • Karmanopoly@lemmy.worldOP
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      15 days ago

      The fighting is metaphoric.

      It’s us out there every day, trying to earn a living. We’re all fighting over that one extra dollar that doesn’t exist.