CONSUMER CAPITALISM? OR IS IT CONSUMER CREDIT-ISM? Why do we refer to it as capi

CONSUMER CAPITALISM? OR IS IT CONSUMER CREDIT-ISM?

Why do we refer to it as capitalism when that era ended half a century ago and call it credit-ism instead.

Ukrainians are poor because they lack credit. Capitalism is a different class problem altogether. And by historical standards we don’t really have any capitalists any longer – inly people with enough trust to accumulate a lot if credit.

It was easy to amass a little capital and produce consumer goods.

It was a lot harder to distribute credit to all.

Consumer credit-ism is how we operate – capitalism died with the end of the conversion of people from the farm.