I think Juche under Kim Jong Un is the way to go.
why don't you take an extreme polar opposite in an attempt to make a ridiculous point a bit more.
And if the exchange rate had moved the other way they no doubt would be congratulating themselves on their genius.
I already commented that above, in fact ive commented that a few times on this forum over the years.
How many of these people have lost their homes since 2008 ? Very few.
Thousands, especially overseas investors who could walk away easier. In any case its the banks that had the real problem here, "owe the bank 10,000 and you have a problem owe them 10,000,000 and they have a problem", they were massively over exposed on this, i think they were willing to listen rather than foot the bill.
Or did it give millions of Poles access to their own housing for the first time ever.
At massively over inflated prices caused by a huge property bubble with foreign currency mortgages fluctuating with the wind!! one has to ask the question: at what cost? virtually any person who invested in Polish property from the 1st 1/4 quarter of 2008 AND with a Swiss Franc mortgage should and will be kicking themselves.
The results of the failures of socialism range from 1980s Poland with its queues and failing society to North Korea where people are eating grass to survive.
Youre mainly focusing on the countries which suit your agenda, you could add the nordic model countries of Europe with their socialist aspects. I'm not saying capitalism is all bad, im saying its played its part in the evolution of humanity and that it is now mostly detrimental.
How long do they have to pay to paid it off? Till they are 67 or till they drop dead?
Exactly, there's no such thing as a free lunch. The banks aren't there to help us, its the complete opposite.