by evilgenius » Sun 05 Jul 2015, 11:36:22
The real crime is that people aren't taught to handle money, nor to understand it, in a society that hinges upon the device. The very idea that money is created out of thin are, that it isn't real because it's been received as a loan, is ludicrous. If you take that position, then you don't realize that all money receives its value from the faith of the people. Even the paper bills in your pocket receive their value from the faith of the people. Even gold receives its value from the faith of the people.
Because there is such a dearth of financial education, further, it becomes impossible to sort out ethical scoundrels from ignorant ones. Both kinds of delinquents are thrown in together and efforts to do anything about the poor practices work for one group but not the other, and vice versa. This new starter lock out, which presumably only keeps your car from starting - as the name implies, is just such a one group and not the other tool.
Ideally, what you would want would be legal reforms that forced lenders to go through good faith hoops before they could take the most drastic action. The law ought to be any person's best defense against those who have more financial or political power in any dispute. Under such a scenario the device might have to warn a person for a specified period of days prior to the shut off that it was going to shut the car off at a certain time.