By Daniel Margrain
At the beginning of each new year my resolution is to earn enough money to be in a position to pay off my credit cards on time and therefore to ensure my household budget is managed properly. Living strictly within my means on a month-to-month basis is, in other words, something I aspire to. The problem is I, and millions of others, rarely achieve it.
Many of us are only able to scrape by month-to-month because we pay the minimum amount on credit cards we have exhausted. The rules of the capitalist system are such that the availability of unlimited credit for the masses is not inexhaustible. There are limits to which the financial system will bail us out.
Ultimately, in the Hobbesian ‘war of all against all’, the fight for survival by any means necessary becomes…
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