As Capital One co-founder Nigel Morris watches his BNPL investments from the other side of the table, he seems to understand the warning signs better than most.
Debt is destructive because it detaches prices from reality. It’s how school, cars, houses, and medicine became comically unaffordable. If you can make up a number and demand people pay you forever then you don’t need to engage in actual mundane capitalism.
Debt is destructive because it detaches prices from reality. It’s how school, cars, houses, and medicine became comically unaffordable. If you can make up a number and demand people pay you forever then you don’t need to engage in actual mundane capitalism.