Chapter 240 Debt Slave
Risks and returns are completely disproportionate.
But Rockfield Bank still did it. What does this prove?
This proves that risk and reward are aligned in a place that the average person cannot see.
So how much profit can be brought by such a huge risk thing when lending to the whole people, and the interest is completely compensated?
As we all know, the greater the profit, the greater the risk.
And when something is very risky and you can't see its interests at all, then his interests must be in a place you can't imagine.
Joseph never thought about what would happen if he couldn't repay the money, Vicente now says.
"The bank gave me a yellow card warning. If I still don't lift the warning within a certain period of time, they will assume that I can't repay the money."
"Then I need to sign a contract with them and work for them for the rest of my life. All the salary will be used to pay the loan. It is up to them to decide how much salary I can pay."
"In other words, he can offer a very low salary and let me work for 500 years. And during these 500 years, I have no income at all and can only rely on the government's basic relief fund, and that money is not enough for us at all. Any expenses.”
In the interstellar age, people have different needs for various things.
The most obvious example of unity is that in the past, as long as you were full, you were called happy. But after entering modern society, if you are full, others will call you a beggar.
If more than 80% of the people in society can afford and own everything, then it will naturally become a necessity in people's lives.
Although it may not be necessary.
For highly educated people, this feeling is more obvious and painful.
To put it more unpleasantly, when they could not repay the loan, they became real indentured slaves, a type of slavery that Portman used very extensively.
Indentured slaves can also be said to be debt slaves.
Because they owe too much debt that cannot be repaid, it will eventually take them a lifetime to repay it. In the process, the originally perfect laws that protect human rights will no longer be implemented on these people.
Because they no longer belong to Portman's normal citizens in a legal sense.
It is natural to pay back debts. The law certainly protects your rights as a human being, but it also protects the property rights of others.
Portman's labor costs are too expensive.
The labor costs for every highly intellectual and technical person with Portman nationality are exaggerated.
The only way to get these high-quality mental workers to work for free without being criticized by society and without legal interference is through this method.
Through excessive loans, everyone becomes a slave to debt.
Let the law that originally hindered you become an accomplice to slavery.
This is almost a clear move.
But few people can resist the temptation of a loan worth tens of millions of dollars.
Once you lose your job and cannot find another high-paying job within a short period of time, you will become a lifelong debt slave.
And every financial crisis is a harvesting stage of debt slaves.
When the economic situation is bad, a large number of companies will lay off employees frantically. If those who are laid off cannot find new jobs, they will be marked red by banks.
Portman's economic situation has been rising rapidly for hundreds of years, and the last financial crisis was more than a thousand years ago.
So much so that under this kind of prosperity, with this economy growing at a rate of more than 20% every year.
No one thinks that they will be laid off in the future. As long as they find a job, it will basically be stable for hundreds of years.
Many people will even move up the ladder and get more loans.
The recent widespread robot riots are the first wave of corporate layoffs in hundreds of years. Strictly speaking this is not a systemic crisis.
Therefore, the entire society did not respond at all. Only the robot manufacturing factories and even the robotics research institute were not affected. Instead, investment was increased.
Being laid off under such circumstances would really make the whole world unlucky, and the earth and the earth would be ineffective.
Joseph finally understood the current situation, and he didn't want to lose everything he had now.
He has planned a future for his family, and this future requires a lot of money.
"Oh, but, am I not your boss? If you want to be laid off, I will lay off you first."
After decades of close friendship, Joseph didn't know what kind of mentality he had when he said this, but by the time he reacted, he had already said it.
By this time, the two sides had completely lost their skin.
Vicente's expression gradually became ferocious, and the hands hidden behind his back trembled slightly, but he still walked towards the other party step by step.
"So you are here."
However, at this moment, someone from outside pushed the door open and walked in. It was the director of the production department.
The minister looked at the two of them. All their emotions calmed down after the minister came in, and they stood there quietly.
"Hello, Minister."
"Everything is fine."
The minister came in.
"Robot sales have dropped sharply this month, and it is foreseeable that the parliament will impose more restrictions on robots in the future. Now our warehouse is almost full, so a manufacturing plant must be shut down."
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"That means one of you two needs to leave."
The minister said these words easily.
Although it is a universal loan, it does not mean that you have to spend all the money you have been loaned.
Although the minister also knows the secret behind the loan, if you don't take out the loan yourself and you don't spend so much money, no one will force you to do otherwise.
Although in fact the entire social atmosphere is forcing you to take a loan
Because everyone spends so much money, if more than 80% of Portman citizens have similar consumption.
And if you don’t, then your happiness is far behind.
Happiness has always come from contrast. If 90% of people in society can only eat pig food, and you are eating delicious white rice, then you are happy.
And if 90% of the people in the world feast on delicacies from the mountains and seas every day, and you are eating nothing, then you are pathetic.
It seems voluntary, but in fact it is forced.
Anyway, he was not the one who was fired, nor was he the one who became a debt slave. The production director had no idea at all.
In his mind, it was still the time before when you could find a job just about anywhere.
Before the recession, finding a job was a matter of minutes.
"Minister, I want to report Joseph."
Vicente suddenly stood up loudly.
(End of chapter)