Deceptichum@quokk.au to memes@lemmy.worldEnglish · 2 days agothere is a solutionquokk.auexternal-linkmessage-square149fedilinkarrow-up11.09Karrow-down121
arrow-up11.07Karrow-down1external-linkthere is a solutionquokk.auDeceptichum@quokk.au to memes@lemmy.worldEnglish · 2 days agomessage-square149fedilink
minus-squareWraithGear@lemmy.worldlinkfedilinkEnglisharrow-up9·2 days agojust got to reset it every 100 years or so. we may be overdue
minus-squaresp3ctr4l@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up3·edit-22 days agoMany ancient societies had recurring debt jubilees on approximately that time scale… for basically this reason. Debt jubilee season comes, everyone’s debts are wiped clean. Sucks for the lenders, great for the borrowers, but also everyone knows when it is scheduled. That is pretty close to a reset of the playing field of your economy in many ways… … though of course slavery did also exist in many of these societies, so… far from a perfect reset.
just got to reset it every 100 years or so. we may be overdue
Many ancient societies had recurring debt jubilees on approximately that time scale… for basically this reason.
Debt jubilee season comes, everyone’s debts are wiped clean.
Sucks for the lenders, great for the borrowers, but also everyone knows when it is scheduled.
That is pretty close to a reset of the playing field of your economy in many ways…
… though of course slavery did also exist in many of these societies, so… far from a perfect reset.