Late Stage Capitalism
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.
RULES:
1 Understand the left starts at anti-capitalism.
2 No Trolling
3 No capitalist apologia, anti-socialism, anti-communism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.
4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.
5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.
6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc. This includes instance shaming.
Introduction to Socialism (external links)
Marxism-Leninism Study Guide: Basic Course
Marxism-Leninism Study Guide: Advanced Course
view the rest of the comments
Buying cars it seems like.
Getting a loan to buy a car just seems crazy to me
Honest question, but do you expect everyone who needs a car to have thousands saved for the purchase? Just in case you're not in the US, our used car market has exploded in pricing, gone are the days of a semi reliable sub 5k vehicle.
If you don't have a few thousand saved up, maybe find a cheaper option? A scooter or something? And if you really have no other option, get a proper loan rather than putting it on a credit card.
But yeah, maybe I'm too European to understand :)
Yeah, my state is larger than England with population of about 10 million with no public transport. Not to mention our particularly harsh winters that would make a scooter impractical for 6ish months out of the year.
Most everyone buying a car does get a traditional loan, did I miss something stating people were using credit cards? Also, a lot of commutes include highways which scooters/mopeds can't reach the speeds necessary. Unfortunately cars are a necessity for many outside of the few cities that have actual mass transit.
"credit card debt" is in the title
Yes but the article itself breaks the debt down into credit card, mortgage and auto loans. That's where I got confused when you mentioned people using credit cards to buy vehicles.