Before & After

Before

For the last few decades the personal debt of individuals has increased dramatically. People now owe a significant amount for such things as their homes, cars, student loans, and credit cards, and yet credit card companies and banks are more than happy for people to borrow more and more so that they can continue to charge them more and more interest, fees, and other bank charges. There is nothing particularly wrong with borrowing in order to buy something now which you can pay back over time. The problem is that people borrow more than they can afford to pay back and then they end up in a situation where they can't keep up with payments of principal and interest, and the lenders know this.

After

In Nutopia the citizens do not need to buy houses because accommodation is always available to them as part of the Citizenship Agreement. They do not need to purchase a vehicle because ubiquitous public transportation is readily available. People do not buy possessions in Nutopia because there is no money or finance, items are shared fairly under the control of the Guardian System.