Re:How this Ends
by betwixthewires on Wednesday February 17, 2021 @10:44PM
(#26175433)
I'm not who you're responding to, but you've yet to defend your assertion, that lending for profit is always predatory, and your assertion that "we have known for centuries" by way of bronze age cults (in my opinion) that this is indisputable fact. It isn't indisputable, defend your point.
I'm not calling you stupid or anything like that, but you're showing that you do not quite understand how lending and markets and even investing works. You're ignorant on this topic and I strongly advise you to do a lot of reading on it.
Re:How this Ends
by gher-shyu3i on Thursday February 18, 2021 @06:41AM
(#26178693)
I'm aware of how things work. The fact of the matter is that even if we go back not long ago to pre-WWII, we see a certain individual produce a huge economic recovery by banning interest, among other things: https://www.youtube.com/watch?v=Io2a4SOX22Y
Re:How this Ends
by selimthegrim on Thursday February 18, 2021 @12:18AM
(#26176197)
His stated position is that war spoils are more ethical than interest because the raiding party shares the risks and profits equally
Re:How this Ends
by gher-shyu3i on Thursday February 18, 2021 @06:34AM
(#26178641)
Who said anything about war spoils?
Re:How this Ends
by selimthegrim on Thursday February 18, 2021 @01:38PM
(#26183708)
You did when you said maal-e-ghanimat was equal risk to all participants
Re:How this Ends
by gher-shyu3i on Thursday February 18, 2021 @04:12PM
(#26185624)
Where? Plus, "maal e ghanimat" is invalid Arabic.
Re:How this Ends
by selimthegrim on Thursday February 18, 2021 @08:19PM
(#26188257)
Fine, ghanimat ul harb I suppose.
Re:How this Ends
by gher-shyu3i on Thursday February 18, 2021 @09:56PM
(#26189052)
The point remains, you're the one bringing up the spoils of war straw man. Not sure what this has to do with the discussion that interest is bad.
You're arguing against a strawman. I never said that people will be forced to lend money without compensation. With 0% interest rates, any lending will be purely out of charity. If people want to make money, they will invest it, as we've been doing for millenia. Invested in moral ways.
There exist today developers who will sell property in installments, without upping the price. I've seen this in at least one West Asian country, and I wouldn't be surprised if it were more commonplace.