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yuhong · 2018-10-26 01:30:36+00:00

This is one of the reason I dislike the current debt-based economy that relies on extracting more dollars from "consumers".

yuhong | karma 6263 | avg karma 1.05 · | 2018-05-27 05:28:39+00:00

Yea, I don't like the current debt-based economy in the first place that treats people as consumers to be extracted from.

yuhong | karma 6263 | avg karma 1.05 · | 2018-09-22 06:06:54

Yea, I dislike the current debt-based economy for a reason.

yuhong | karma 6263 | avg karma 1.05 · | 2018-08-19 22:31:29+00:00

The entire debt-based economy is based on extracting more dollars from "consumers". This is also part of the reason for DRM for example.

yuhong | karma 6263 | avg karma 1.05 · | 2018-11-18 04:26:23

I dislike the current debt-based economy that depends on extracting more money from consumers anyway. Student debt and universities is a good example of the problems. You can also see this in things like textbooks.

yuhong | karma 6263 | avg karma 1.05 · | 2018-11-07 14:22:35

I dislike the current debt-based economy in general myself.

yuhong | karma 6263 | avg karma 1.05 · | 2018-04-27 00:45:40+00:00

I don't like the current debt-based economy where almost infinite amounts of debt can be created in the first place.

yuhong | karma 6263 | avg karma 1.05 · | 2018-09-26 10:13:46

This is what happens when people are treated as "consumers" to be extracted from. The current debt-based economy encourages this kind of behavior.

yuhong | karma 6263 | avg karma 1.05 · | 2018-07-14 15:21:05

The entire current debt-based economy is fundamentally designed to extract as much money as possible from "consumers".

yuhong | karma 6263 | avg karma 1.05 · | 2018-09-25 21:35:35+00:00

Part of the problem is that the entire debt-based economy is based on extracting more dollars from consumers.

yuhong | karma 6263 | avg karma 1.05 · | 2018-09-15 18:24:47+00:00

I dislike the current debt-based economy (based on extracting more US dollars from consumers) partly because of this reason. There is a reason why I wrote the Google DoubleClick Mozilla essay.

yuhong | karma 6263 | avg karma 1.05 · | 2018-05-17 01:16:18+00:00

I don't like the idea of the current debt based economy that allows infinite amount of US debt to be printed in the first place, effectively meaning that other countries has to be poorer.

bruce511 | karma 8266 | avg karma 3.91 · | 2022-11-26 23:16:57

I completely agree. With the proviso that the economy also revolves around the existance of consumer debt, and the willingness of huge numbers of people to squander it.

yuhong | karma 6263 | avg karma 1.05 · | 2018-11-12 02:06:18+00:00

I am thinking deeper than that. I dislike the current debt-based economy for a reason. Google is a good example in which housing prices and other expenses increases every time the revenue increases.

alldayeveryday | karma 365 | avg karma 2.03 · | 2022-07-26 08:33:48

Irritating to me that we live in a system that rewards irresponsible spending and debt accumulation - both on the individual level and on the corporate level.

notadoc | karma 2274 | avg karma 2.28 · | 2016-12-08 19:41:28+00:00

Most consumers are tapped out, bad news for a consumer driven economy. There can only be so much more debt accrued.

yuhong | karma 6263 | avg karma 1.05 · | 2017-12-09 13:10:08

I am seriously disliking the current debt-based economy now for this reason and more. There are other examples of its effects like Mozilla, Google, and VCs (I have several Twitter threads with @BrendanEich about that one). Sun and Oracle are probably worth mentioning here too, including Jonathan Schwartz.

yuhong | karma 6263 | avg karma 1.05 · | 2018-03-30 03:35:47+00:00

I don't like the current debt based economy that is based on stocks going up anyway though.

duped | karma 7438 | avg karma 3.07 · | 2021-11-09 15:12:54

Maybe we shouldn't have mountains of consumer debt

alexb_ | karma 5947 | avg karma 6.42 · | 2023-05-17 14:58:16

I'm not opposed to debt. Debt makes the economy run, it's where 99% of the US money comes from! What I'm opposed to is the practice of harassing poor people who don't understand what debt is until you can squeeze the last of their savings out, all so you can make a quick buck.