Capitalism is about the creation of debt and enslavement and is dependent on LOW-Interest rates. Reality reveals itself when interest rates are high. The ongoing wealth and income gaps increase and are easily seen. Any regulation merely attempts to keep that uglier of truths masked.
Only a few years ago, Buy Now Pay Later was hailed as the ultimate in consumer credit innovation. The current reality is massive losses for the providers while cost-of-living pressures escalate and the most vulnerable consumers suffer most. Welfare groups are demanding regulation, David Gilchrist reports.
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