I beginning to think we should have separate legal systems for different people. One where people have more agency and responsibility for the consequences, and one where they are treated like children, but taken care of.
There is actually a fantastic sci-fi novel I highly recommend written by a professor of enlightenment philosophy that uses the as part of the premise. too like the lightning by Ada palmer. [1]
Or you could have one system where people are treated like adults and taken care of. The risk of getting into unmanageable debt isn't any better than the risk of a car crash, it should be minimized, not celebrated. "I drive without a seatbelt because I'm an adult and can drive responsibly!"
Except it's even worse. A car crash is terrible, but at least nobody profits from it. With debt you create a market for manipulating as many people into debt as possible.
There is actually a fantastic sci-fi novel I highly recommend written by a professor of enlightenment philosophy that uses the as part of the premise. too like the lightning by Ada palmer. [1]
https://en.wikipedia.org/wiki/Ada_Palmer