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Joined 1 year ago
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Cake day: July 4th, 2023

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  • Yeah federated platforms like lemmy are a potential solution. I would guess they aren’t more popular because nobody directly profits from the success of these platforms, and since no one entity has control of it people in positions of power may be wary of adopting it.

    Also a distributed platform is pretty much always going to be more complicated. This scares off the casual users that make up the majority of social media usernames.

    Look at Linux; you can be more open, better on paper, cheaper, and even easier to use in some cases, but the success of online platforms is not a meritocracy. It’s a pageant.











  • Of course everyone involved knows they will face consequences, but they may feel those consequences are better than the payments. Courts can’t garnish paychecks that don’t exist and a ruined credit rating only matters if you were ever going to be able to afford to buy a house or car in the first place. Afaik actual jail time isn’t really a thing for defaulting on a loan. If the only leverage the government has to get people to pay the loan is to threaten their future financial security, then anyone who thinks the initial promises of security is bogus has nothing to lose.

    There’s also some people who are willing to take the hit just to send a political message.

    That said, I suspect nowhere near 62% of borrowers will actually meaningfully boycott in any way.