Many capitalist systems have this thing called bankruptcy which can be used to escape debts you cannot pay.
This particular shit incident was caused by culture and beliefs, if not mental illness, and a lack legal innovations like bankruptcy, not because people started lending money for profit, which is an ancient practice that predates capitalism and microlending.
Many capitalist systems have this thing called bankruptcy which can be used to escape debts you cannot pay.
This particular shit incident was caused by culture and beliefs, if not mental illness, and a lack legal innovations like bankruptcy, not because people started lending money for profit, which is an ancient practice that predates capitalism and microlending.