Credit makes the world go round. Why not use it to reduce inequality?

Markets of any kind require credit. To sell a product such as wheat, you need resources to produce it first. That is where banks or credit unions come in: they advance the funds needed to get a crop to market.

Credit -- not money -- makes the world go round.

Banks or credit unions will lend to individuals, families, businesses, governments, NGOs or other entities, providing they appear credit worthy and, preferably, have assets for collateral.

https://rabble.ca/columnists/2021/02/credit-makes-world-go-round-why-not-use-it-reduce-inequality

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