Cory Doctorow on Nostr: The best-prepared farmer can't save every harvest from blight, hailstorms or fire. ...
The best-prepared farmer can't save every harvest from blight, hailstorms or fire. When the producer can't pay the creditor, they go a little deeper into debt. That debt accumulates, getting worse with interest and with each bad beat.
Run this process long enough and the entire productive economy will be captive to lenders, who will be able to direct production for follies and fripperies.
26/
Published at
2023-08-12 13:16:24Event JSON
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