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by alasdair_
2955 days ago
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>Being trapped in a debt spiral due to past financial desperation is just a way of iterating forward in the loop of bad decision making. Imagine you went to a crappy school where you spent most of your days trying to avoid gangs rather than learning anything. You did everything people told you to do and you applied to some for-profit bullshit college that accepted you. You signed some paperwork that you literally didn't understand the details of (because of said shitty school and parents who have never dealt with this situation before and for-profit colleges that explicitly set out to target people exactly like you). Now you have $50,000 in debt that you literally can't even declare bankruptcy on and no marketable skills. What do you now do? To blame it all on personal responsibility degenerates into a No True Scotsman argument very quickly. It's the kind of overly simplistic thinking that makes thirteen year old kids think Ayn Rand had it all figured out and never think further than than her heroic fantasy novels. (I admit, I actually really like Ayn Rand's philosophy if it's seen as an ideal, rather than something that is practically p[possible. Marx and Engels were also idealists and in their perfect world everyone would be happy too.) Humans are not born with an innate understanding of optimal decision making and the power of compound interest. Our environment shapes us to a massive degree and you're discounting this. |
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