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Americans, how would you feel about making student loans completely illegal? (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

128 comments fedilink hide all child comments

This would save young Americans from going into crippling debt, but it would also make a university degree completely unaffordable for most. However, in the age of the Internet, that doesn't mean they couldn't get an education.

Consider the long term impact of this. There are a lot of different ways such a situation could go, for better and for worse.

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[–] [email protected] -1 points 1 year ago (1 children)

The ease of student loans would not exist without government backing. In a pure capitalism, this wouldn't be a problem.

[–] [email protected] 2 points 1 year ago (1 children)

There's no such thing as capitalism without a state. It cannot exist.

[–] [email protected] 1 points 1 year ago (1 children)

Yeah. Anarchy doesn't work. No argument there. But the blame for exorbitant college tuition lies with the state, not with capitalism.

[–] [email protected] 2 points 1 year ago (1 children)

I can agree that it lies with the state, but that doesn't absolve capitalism. It's the capitalist state, and we shouldn't separate the two.

[–] [email protected] 1 points 1 year ago

Most of the activities of the state happen to be anti-capitalist though.

So.. Yes. We can separate the two because if the state ceased it's anti-capitalist activities, this wouldn't be a problem.