Re:Bank Run at Silicon Valley Bank
by selimthegrim on Friday March 10, 2023 @05:49AM
(#35092849)
Believe me I wish there was no hunger in those places too
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Re:Bank Run at Silicon Valley Bank
by brutusborn on Friday March 10, 2023 @08:45AM
(#35094231)
I definitely misspoke there: I meant that they have no debt and no mass starvation. I’m aware there’s a lot of poverty in the Islamic world, but it’s not because Usury is illegal.
It isn't not because of that either.
Re:Bank Run at Silicon Valley Bank
by brutusborn on Friday March 10, 2023 @09:09PM
(#35104376)
I’d need to see some statistics to be convinced either way.
When I think of poverty, I think of sub Saharan Africa. I believe debt is legal in most of those countries, so the odds are that banning debt is a small part of the poverty picture.