What's the solution then? To not let people make decisions that could potentially be bad?
That sounds like it's slavery too.
That sounds like it's slavery too.
One solution would be to put an end to usury. Houses, cars, etc. will have to become far more modest, but in the end they will be affordable without debt slavery.
People should have the choice to borrow money from other people, and the people lending it should be able to make enough money to make up for the risk of the people they lend it to not paying it back. I don't think society needs to change, though.
Spend tax dollars educating and discouraging the borrower. This is valid because such conditions hurt the nation in the long run.