Anarchist solution(s) to loans?

A summary would be nice.

How would anarchists handle people getting loans to buy expensive things? In an anarchist society/group where they still use regular money

@libre_warrior
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82M

Loans was made to incentivize work under capitalism. There is no need for loans.

@PuaNani
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22M

Under the current capitalist system, should people who self identify as anarchist, should they not take out loans for houses/cars? Afaik, capitalism would prevent a lot of people from being able to afford to buy a house without a loan.

@Nasst
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92M

I don’t think it matters either way. There’s no ethical consumption under capitalism, and we won’t dismantle capitalism by consuming “the right way”.

@libre_warrior
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82M

You didn’t ask about that. You asked about loans under an anarchist society where it isn’t needed.

But under the current capitalist society, I would say take out as little loan as possible. Pay all your debt and work as little as possible to starve the upper class of labour. Use your spare time to organize and help your community.

Mobocratic Egoist
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42M

My understanding is that the credit union will give a loan with barely enough interest to cover operational cost.

@rockroach
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32M

what kind of expensive things ?

@PuaNani
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22M

I was thinking like cars

@jelbana
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poVoq
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The thing is, at least under the current system some ones loan is another persons savings (very simplified speaking, no need to lecture me on banks creating loans), thus if you get rid of all the above (which I agree is feasible and desirable) you also need to think of what happens on the other side of the equation (mostly retirement savings). Also doable, but harder.

@jelbana
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@PuaNani
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afaik anarchism is in favor of housing being a, (whats-the-word) service, rather than a, uh, capitalist good.

Anarchism is in favor of subsidized/free/i’m-not-sure-what-the-word-is education, transporation, health care too?

Transportation as in private vehicle or like buses? Buses i can easily imagine being ‘free’. Private vehicles my imagination isn’t returning anything.

poVoq
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12M

Yes, however mortgages on buildings are often held by institutional investors (managing retirement savings etc.) as they are considered especially safe.

@jelbana
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