It is easier to arbitrate from on high than to do the hard work of actually caring. Similarly, it is easier to accept pre-packaged plans handed out by "experts" than it is to investigate the matter personally. This dichotomy creates the age-old class system, which it is popular to rail against, but mostly accepted as a necessary evil. However, to reason that a rational system of force is the only way to organize society, is to make the irrational assumption that people cannot be brought to reason through the examination of their irrational ideas.
Economics is a relatively simple science, but is a brutal science in its simplicity. It is no more complicated in its natural form than that resources fed into a given system must produce a positive output from the system. If a positive output isn't attained, then the system is broken. This has been made complicated by political arbitration—which isn't strictly bad. However, as certain unhealthy habits are known to cause cancer in the human body—an inescapable condition—so unfit practices with money create inescapable debts.
Cancer and other diseases take the physical lives of loved ones in the same way that financial mis-managements take away their lifestyles. In order to avoid this dreaded outcome, a measure of proactive discipline is needed. Those who are just starting their independent lives need to work to develop a savings account, if they are to remain independent. Those who are "successful" in their own independent lives need to open opportunities for talented young creators and performers.
There is no doubt that it is emotionally difficult for young people to attain the needed discipline, and it is also emotionally difficult for successful people to risk investing their hard-earned money on such undisciplined people. Therefore, irrational rationale has led us to adopt a system whereby those just beginning are given money, upon certain conditions, by those successful people. This money is then to be paid back with "interest" regardless of what is done with it. This is seen as the only option. However, debt is the beginning of servitude, has the same wasting effect of cancer, and therefore, leads to the "need" of more debt.
These debts create a trapped lower class, which must constantly labor to fill the holes created by the compounding effect of interest. At this point, it is "safe" (not emotionally risky) to employ these desperate individuals to fill menial positions as cogs in a machine. If they don't comply with the orders handed down from on high, then they risk losing the job they desperately need. That's scary, but so is dependence on someone who is to afraid to care about you as a human!
TO BE CONTINUED...
Part 1 | Part 2 | Part 3