tag:blogger.com,1999:blog-1438289051411770399.post3145007758382168442..comments2024-03-28T09:51:55.365-06:00Comments on ECOLOGY WITHOUT NATURE: MockeryTimothy Mortonhttp://www.blogger.com/profile/05067377804366363020noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1438289051411770399.post-34147529753073104832015-07-15T12:03:55.396-05:002015-07-15T12:03:55.396-05:00The moral principle involved here is not "deb...The moral principle involved here is not "debt = guilt"; but rather usury. We've been programmed to the believe that not repaying a debt is a moral failing. But that's only true when a friend loans another friend money at no interest. Once interest is charged, it's no longer a moral contract, it's a business contract. The rate of interest is based on the risk of loan default. If there were never any defaults, there would only be a single low interest rate. The fee taken in interest is payment for taking a risk. That's how investing works. When a creditor behaves as though all loans must always be repaid in every instance, he is not an investor. That's just organized crime. And the moral principle involved is called usury.cgerrishhttps://www.blogger.com/profile/03564937504464647689noreply@blogger.com