I must admit I have a soft spot in my heart for this sort of thinking. One of the reasons I fell in love with the writings of the Midwest progressives is that they took their life lessons from the struggle to get an enterprise (like a pioneer farm) to pay the bills. From those lessons they formed their political movements. It is true--the most successful political movements in USA history were created by hard-nosed, flinty-eyed, down-to-earth pragmatists.
On Unsustainable levels of Debt:
By Les Stewart
There are many, many types of debt.
Financial debt is really only a bit player in the rich theatre of human history. A necessary evil; a loutish relative sent to help us develop our patience and forbearance.
The recent obsession with financial debt overshadows and distorts culturally much more significant types of debt such as: ethical, debt to yourself, moral, educational, spiritual.
Financial debt is a simple matter that is simply a child of contract law.
This type carries NO moral or ethical weight, whatsoever.
Many franchise contracts carry into them a severe imbalance of economic and information power.
Some contracts are entered into with fraudulent intent. more