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Comment by neopw | Hacker News Reader

Every time I see an online shop suggesting me to use klarna to pay for something it would be a tremendously stupid financial decision.

But it’s good that this exists. Darwinism and all that.

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That's not at all how Darwinism works, because a.) everyone with a similar lack of financial means & education would be liable to make similar mistakes, and b.) Klarna (or anyone else) preying on these people does not reduce the incidence of people who lack means and financial know how (if anything, it increases it).

This is a set of ideas called Social Darwinism, and if you look into it's history, you may not like the company you're keeping, so to speak.

https://en.wikipedia.org/wiki/Social_Darwinism

Slogan: a Social Darwinist is someone haunted by the notion that the "unfit" are outbreeding the "fit".

Not only it's such a mean thing to say, you're also tremendously wrong. Poor people have more kids.

>it would be a tremendously stupid financial decision.

Since the value of a dollar decreases over time it is not a stupid financial decision to pay for things with 0% APR loans.

It was more like: if you have to pay for an iPhone over 18 months, you can’t afford it. You are a mess, in six months you won’t be able to pay anymore, and you will end up owing much more than the iPhone costs.

What if you can afford it but it's 0%?

I’ve (in Europe) only seen Klarna offer pay in 30 days. So that hypothetical doesn’t actually exist.

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