Re:Europe's $24T Breakup with Visa and Mastercard Has Begun
by watwut on Wednesday February 11, 2026 @03:11AM
(#46972237)
> grow up in a financial risk averse society.
It is not risk taking, it is a system that not just normalized the debt, but punishes people for not taking it. When you are recommended to use credit card, so you can function on debt, so that you can get better mortgage later on, then the thing in play is not just "risk aversion".
It is not risk taking, it is a system that not just normalized the debt, but punishes people for not taking it. When you are recommended to use credit card, so you can function on debt, so that you can get better mortgage later on, then the thing in play is not just "risk aversion".