prison of poverty. It is a form of punishment. It is a severe punishment.
Poverty is associated with poor health - mental and physical. It's worse
in a way for people who have to work and still get no reward for their work.
Many studies show this. Bad debt creates mental and physical illness
through direct and indirect effects.
I wonder if people who work in debt collecting agencies care that
they're indirectly causing death and illness. They know they create
distress.
And yet they're allowed to do it. Modern society seems happy enough to
let people suffer for making mistakes in their finances. People are
encouraged to take on debt. People who are bad with their money are
targeted because there's more opportunity to make money. People with
good credit ratings manage their finances well so don't incur bank
charges. As a person's credit history gets worse they may be offered
more debt (to a point) at higher interest rates.
Then the time comes when they can't pay off their debts. They can't meet
the minimum monthly payments. The bad debt spiral begins. This is know
about but the finance industry doesn't care. They depend on consumer
debt just as they depend on gambling on markets to make millions and
billions for their shareholders.
They do this on the blood and bones of the people. They cause death,
suffering and illness. And they get bonuses for doing it.
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