• Rodeo@lemmy.ca
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    1 year ago

    For most of history charging interest was considered very unethical. There’s even a derogatory term for it: usury.

    It’s a rather recent phenomenon that usury has become acceptable.

      • Rodeo@lemmy.ca
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        1 year ago

        It’s a scam because it’s literally free money for the lender. They do no work, they generate no value, but they still get paid.

        • Rich Aten@lemmy.world
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          1 year ago

          Providing someone else money for a time to use for whatever purpose they desire is of no value? I think that literally most every person on the planet would disagree with you. Are you saying you’ve never borrowed money for anything, ever?

      • Rich Aten@lemmy.world
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        1 year ago

        And that means it’s a scam today how exactly? The Bible was pretty explicitly against a lot of things. Are they scams? Is wearing two different fabrics a scam? Is eating shellfish a scam?