I enjoy these type of conversations. In regard to that topic, I actually do believe we live in a fully capitalistic society. The one main difference is that most don't look at our government (at the individual, department and overall levels each) AS A COMMODITY. When you view all those levels as for sale and critique these transactions based on the real-world access people have to actually purchasing them, things fall into place exactly like a free market would have.
Now when you add in the usury factor, you see that each entity (a private citizen all the way through the entirety of the US Government) makes their decisions based on their own profit motive. Usury (in today's terms, this includes interest through derivatives) is now regulated and even promoted by a small group of people (also bought off to some degree) for the sole purpose of increasing the bottom line of major corporations (like insurance companies) and banks. It all plays into the mix to extend the inequality between the highest and the lowest levels of society.
As anyone can figure out, if you're rich enough to buy the laws, you can legislate more profits but if you use interest, you can leverage that many many times over with the same effort and time. (GS is estimated to be 450X leveraged on their assets!)
So as you can see, it's not that interest in and of itself is evil as much as it is that if it's legal, it can be easily used to gain unchecked power. So, I had to ask, "Is it absolutely necessary?" My replay was tough to come to but ended up being no. From there, I had to play out all the roles as if interest didn't exist. As that turned out, the wealth of the general populace was increased so many times that interest became irrelevant because monetary greed diminished so much.
The good news is that I do know there is already a rather large push to implement all this. Here's to hoping we can accomplish it.
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