Don't remove debt; remove interest

[Anders Lindman]

If I buy a house, then I can take a loan, from a bank, with the obligation to pay back the loan at a certain minimum amount per month or year, with zero interest. Why is the interest needed? I could even take the loan directly from the government, and no bank is really necessary. So there would still be debt, but that debt would match the value of my house. No interest at all is needed.

No banks are needed.

Then what about if a company wanted to take a huge loan? The answer is: they will have to get money from venture capital companies, and the agreement they make is a deal between the company that wants the loan and the venture capital company that provides the money. No banks needed.

[cruise4]

How about you just choose an empty house, or builders just give you one. Your skill/interest community contribution balances the equation.

[Anders Lindman]

How about you just choose an empty house, or builders just give you one. Your skill/interest community contribution balances the equation.

That could be possible. Maybe it's even possible to have a combination. For example, certain communities could use a contribution model, other communities, such a big cities could work the old standard way, and there could even be communities with mixed models.

The problem would be how to solve the interactions between these different communities. If for example a person in a small contribution-based community needed a heart surgery, then he or she would need to go to a hospital outside the community because it would be unlikely that the small community would have such capability.