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Response to randome (Reply #30)

Mon Nov 12, 2012, 11:23 AM

51. Social capital and financial capital

 

(Serving) debt is first and foremost honoring social capital of networks of friendships, if you don't pay your debts to your friends your reputation and social capital aka "honor" will suffer. Capitalism has turned this natural instinct of social beings like us from people to people issue to debt slavery to abstract "legal persons", banks etc. who control the money creation. There is big difference lending a tool or book from your neighbor and returning it vs. being forced to take student loans, house loans, medical bill loans, consumer loans etc. to keep the financial interest based growth economy growing and staying in debt slavery to banks etc. for all your life.

What is important is for people to realize that there is no honor lost by refusing debt slavery to abstract legal persons who are oppressing and robbing you.

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