Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ...
by lifeisstillgood on Sunday May 20, 2018 @05:06AM
(#17111914)
I think it comes down to this - should we as a society let contracts that involve agreeing to harm, should we let them be legal?
If you and I agree that you will sell me your left kidney, or that I can punch you repeatedly next Saturday for fifty quid, noncourt will enforce those contracts because you are agreeing to harm. And that history has shown that people in adverse conditions will sell their organs/children/dignity whenever offered (and frequently at below market rates)
Usury Contracts like this are another form of harm and we just need to decide where the line gets drawn.
If you and I agree that you will sell me your left kidney, or that I can punch you repeatedly next Saturday for fifty quid, noncourt will enforce those contracts because you are agreeing to harm. And that history has shown that people in adverse conditions will sell their organs/children/dignity whenever offered (and frequently at below market rates)
Usury Contracts like this are another form of harm and we just need to decide where the line gets drawn.