This is a nice sounding well intentioned pile of crap.
This guy doesn't like the concept of credit cards. That's all this boils down to.
Instead of making a detailed structured argument about what he feels the problem is, he tells a couple anecdotes about times credit cards didn't work about for people and about his personal feeling that credit cards aren't that great.
Ok fine. But then what's the takeaway? Not that there is any structural problem here or that something needs to change but that credit cards make this guy feel bad.
This kind of personal therapy masquerading as systemic or policy critique does nothing but rile people up with vague sentiments and directionless anger. It's a net loss for everybody involved.
For the record I'm not some kind of bank apologist, but the fact that there are serious structural problems with the way banks operate in the US makes this sort of infectual critique all the more frustrating
This guy doesn't like the concept of credit cards. That's all this boils down to. Instead of making a detailed structured argument about what he feels the problem is, he tells a couple anecdotes about times credit cards didn't work about for people and about his personal feeling that credit cards aren't that great.
Ok fine. But then what's the takeaway? Not that there is any structural problem here or that something needs to change but that credit cards make this guy feel bad.
This kind of personal therapy masquerading as systemic or policy critique does nothing but rile people up with vague sentiments and directionless anger. It's a net loss for everybody involved.
For the record I'm not some kind of bank apologist, but the fact that there are serious structural problems with the way banks operate in the US makes this sort of infectual critique all the more frustrating