You know as a matter of fact credit cards are not a wrong answer, really. We only got to the point of 9 billion humans on a tiny planet meant for a few million at best, because the only way out of compound interest debt--synonymous with credit cards--is economic growth--usually more humans.
China saw it that way, in the time of Han Chin, the first Chinese emperor. Wealth comes fundamentally from agriculture because then you can make more servants slash slaves for the emperor, that's literally what he called them, then instead of emperor you have an Emperor, Emperor of China. That's what the original historical sources say! More food more people more servitude more wealth for the man at the top of society.
So credit cards are that. Uniformly crazy interest rates, and shitty scams to jack up the rates just barely before getting taken to court. Or a French Revolution, which they know about and fear. Know the harm they do, the houses they take, the homeless they make, the people they imprison indirectly, the children they starve, they know. What's it's name, FICO score, patio11 talked about them, they are 100% certain you--anybody who reads this--is strictly inferior to them. He says if you talk back to their claim you are an inferior debtor who deserves a low credit score they react like it's a shoe factory dealing with a talking shoe. An object. A servant slash slave.
Owes them money just because. Or because that debt was inherited. They actually have all the machine learning models and all the statistics you could possibly ask for (generally they claim this is fraud detection, but it's price discrimination too) to determine exactly how much--to the thousandth of a percentage--they can fuck with people with their usury--their theft--before people go bananas. Usury means you gotta pay back the debt or be homeless. Tolerate crimes in your gainst with no recourse. Any crime. No recourse. In my case murder. No recourse. Cops won't show up for you.
Debt grows surprisingly fast. Just as surprisingly fast as the equity in the home grows surprisingly slow. People always feel cheated by their mortgage because they did get cheated by unforgivably incorrect math. What does that mean? Ignoring all the intermediate steps, more kids to inherit the debt.
And technically--and I can justify this mathematically and in a court of law--even simultaneously--compound interest is contradictory to the laws of physics. It would not work out mathematically even if they did do the math correctly, which they do not. It could work in an infinitely-dimensional universe. If they did it correctly. But not in a 3-dimensional universe. You can have, at absolute most, cubic growth. Otherwise you end up with shitty debt. Unforgivably incorrect math declaring you are a servant slash slave. A letter demanding you make a choice: servitude or tolerating crime against you.
Shitty debt.
Credit card debt.
9 billion humans.
Climate change.