Comments on: 1950s movies marathon – part 49

By: The best movies of 1954 « Bjørn Stærk's Max 256 Blog

The best movies of 1954 « Bjørn Stærk's Max 256 Blog — Sun, 01 Jan 2012 13:45:09 +0000

[…] Garden of Evil […]

By: Petter

Petter — Sat, 09 Jul 2011 13:11:50 +0000

Fair enough, but it doesn’t relate to the prescience of the quote – debt being the curse of the working man. It might even be argued that the curse on the working man has become the curse on the whole system.

By: Bjørn Stærk

Bjørn Stærk — Sat, 09 Jul 2011 12:38:31 +0000

“Way I read it, the second option leads to the first result.”

Loans lead to debt, but debt doesn’t have to be a catastrophe. Some good things are impossible without it, like starting a business. So it’s good to at least have the choice.

By: Petter

Petter — Sat, 09 Jul 2011 12:04:57 +0000

Question – would I rather be poor and indebted, or poor not even have access to loans:

Do I get any other choices? Way I read it, the second option leads to the first result.

Actually, in my sixty six years on Spaceship Earth I’ve been both and the first sucks worse than the second.

As for your first assertion – about what’s new this time, don’t know about that. Have to stuss on it a while. Kind of doubt it’s true though.

By: Bjørn Stærk

Bjørn Stærk — Sat, 09 Jul 2011 10:56:59 +0000

Debt has always been hard on poor people, (what’s new this time was that rich people and nations got in debt too, and so governments have found the motivation to save them).

On the other hand, debt is only a curse if loans are a curse. Would you rather be poor and indebted, or poor and not even have access to loans?

By: Petter

Petter — Sat, 09 Jul 2011 10:02:18 +0000

Regarding Salt of the Earth, I haven’t seen the movie, but the statement about the installment plan being a curse on the working man seems pretty prescient to me. Fifty some years after the movie was made, the working man in the USA is drowning in debt and the economy is on life support.