https://x.com/adamscochran/status/1995501382171025884

My money is on the Chinese shutting down their gamer gatcha market to Japan dominoing to the AI market imploding via Nvidia going bankrupt or some shit

you are viewing a single comment's thread
view the rest of the comments
[–] 14 points 9 months ago (2 children)

So what happens if someone who isn't lucky enough to have a good education in finance experiences sudden financial hardship and then relies on paying more on credit than they have in the bank? (An extremely common occurrence) Would you say the debt makes the situation better or worse?

And then, does that make you rethink whether its "not really" bad?

  • source
  • parent
  • hideshow 4 child comments
  • [–] 12 points 9 months ago (1 child)

    Very good point. I was responding to the “everyday purchases” not being all that bad to use a credit card for if you already have the money for it.

    Sudden financial hardship is a much different situation and I agree, the debt would make it worse

  • source
  • parent
  • hideshow 2 child comments
  • [–] 8 points 9 months ago (1 child)

    Right, but I think the implication in "people" after "95% of sales" there is pretty clearly "our whole society", which presents the above problems. With the context, it made your comment read as "this doesn't need to change, and if it goes bad, it's your fault". But I'm glad you understand. We just very commonly have people from the Lemmiverse here with comments to the effect of "the status quo is good, actually".

  • source
  • parent
  • hideshow 2 child comments
  • [–] 1 point 9 months ago

    Credit is evil, I agree. I also feel terrible knowing that whatever treatlerite points I get are paid for by someone getting fucked over. Either through transaction fees or insane interest rates.

  • source
  • parent