> Usually articles like this are a form of narrative shaping for profitable social problems caused by corporations
True. In this case, it's not difficult to imagine that someone who wants to sell "adulting classes" would get some PR help to drum up awareness for their product.
> "Lots of people get (very profitably) mired in debt" -> ban usury which would be unprofitable but net positive for society
You haven't thought this through. "Usury" is easy to get angry at, but to actually ban it, one would need to set limits on interest rates and fees, and lenders would need to start rejecting far greater numbers of poor/risky borrowers to stay compliant.
It's sort of like putting limits on insurance rates. It sounds like a great pro-consumer move. But the second order effects can be terrible, as evidenced by taxpayers needing to bail out insurance companies after the recent LA fires. See https://calmatters.org/economy/2025/03/proposed-fixes-for-ca...
True. In this case, it's not difficult to imagine that someone who wants to sell "adulting classes" would get some PR help to drum up awareness for their product.
> "Lots of people get (very profitably) mired in debt" -> ban usury which would be unprofitable but net positive for society
You haven't thought this through. "Usury" is easy to get angry at, but to actually ban it, one would need to set limits on interest rates and fees, and lenders would need to start rejecting far greater numbers of poor/risky borrowers to stay compliant.
It's sort of like putting limits on insurance rates. It sounds like a great pro-consumer move. But the second order effects can be terrible, as evidenced by taxpayers needing to bail out insurance companies after the recent LA fires. See https://calmatters.org/economy/2025/03/proposed-fixes-for-ca...