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
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
Yes, however mortgages on buildings are often held by institutional investors (managing retirement savings etc.) as they are considered especially safe.
Correct, but the graph above is household mortgages, not commercial buildings. So this debt is indeed originated largely by banks directly to consumers. It is then re-securitized and sold off to more institutional investors who end up holding the debt as an asset, but the liability is on the household side.