It was similar in Romania, but it lasted until 1989. The workweek was 6 days long. My parents dealt with it until the revolution. It’s funny how socialism was worse for the average worker in that way.
https://news.ycombinator.com/newsguidelines.html
Much more explanation if anyone wants it:
https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme...
https://hn.algolia.com/?sort=byDate&dateRange=all&type=comme...
There are plenty of other notionally capitalist countries that have suffered bitterly under a similar kind of debt yoke (e.g. Greece).