Depends how much debt. You owe a million and the bank owns you. You owe $10 billion and you own the bank. They are dependent on you to not fail themselves. You can also really only lend to people you consider an equal; who has the potential to pay back debt. This has been reduced in the recent century to a credit score (and this is one of the problems with student debt; it doesn't depend on any of those measures).
David Graber's book _Debt: The First 5,000 Years_ goes into a lot of this. I don't agree with some of it the older I get (he was a commie-ish college professor) but the book still has some interesting points.
djsumdog /
npub109…pwvvl
2023-08-31 17:56:09
in reply to nevent1q…6mnj
Author Public Key
npub109x0x9dlft64y4h9vz9mxu92qpqn752sd8p4xe2zkcanlzmk2fcq3pwvvlPublished at
2023-08-31 17:56:09Event JSON
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