My take on this is that the ethic that enables credit to function sustainably is incompatible with the corporate culture we've created. Value judgements in our economy are increasingly made by corporations who can only value what they can measure numerically, and incapable of valuing humanity.

That's why I'm working on a scalable system of interpersonal credit money:

http://ripple-project.org

Debt is the same as savings. "How Savings Has Defined Human History" somehow doesn't get people worked up.

> “I’m really scared of what could happen, because I bought property here,” said Sofia, who asked that her last name be withheld because she is still hunting for a new job. “If I can’t pay it off, I was told I could end up in debtors’ prison.”

http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.h...