One thing I do appreciate about the Muslim traditions, is that it is illegal to charge interest on money. It is the most ungodly thing we have in the Western world, among all the good we have too.
But it would be nice to have such a law. Money is a transaction. It is not something you make money from within itself! How to get rid of debt? Make it illegal to create debt.
If you want something you got to save for it.
If you want something, and you need to borrow the money, you have to be trusted.
Debt is a way of taking people's stuff if they can't pay. Real estate = physical money. Bank money is monopoly money until it turns into real estate.
It makes sense as to how absurd interest is, and how it's all part of a lie, and a bubble, a pyramid scheme that only implodes when it reaches critical mass.
To simplify it; Say I'm a bank, on the planet Mars which has only just been colonised with 10 people. They have £0 to their name, but all want to buy something off the next person who is charging £100. The bank says they will lend £100 but you have to pay back £150.
They all borrow £1000 but have to pay back £1500 in total. Of course the truth is, they could have said, well, your product is £100 lets just swap. That is a transaction (so is cryptocurrency). But in this case together they owe £500 which they don't have. So the bank says give me your stuff. So they are back to £0, but also not their stuff. So they make more stuff to sell to the next person, the bank gets richer, the people are left with pretty much the same, except they have to work harder. This is the nature of capitalism.
The bubble bursts when the rich get too rich and the poor get too poor. But usually the outcome is war. Inevitable war.
However the good news is, that maybe AI already sort things in a way that people couldn't before (we are in a technological age). Maybe that is why the looming bubble of this time hasn't burst. If you can keep people just about poor but not too poor, then you don't have a problem. But the rich still get richer, but proportionally the poor still get poorer but only in comparison, rather than in comparison to poor.
The greediest and most ruthless tactic of capitalism, is to have people believe that there is simply not enough money for everyone. We are living in that time.
Maybe it is better than war, but taking down capitalism, and interest would be even better.