What Really Makes a "High Interest" Loan
While the concerns regarding the potential negative impact of certain high interest loans are legitimate, the debate has failed to consider the context in which high interest loans exist. It is too simple to label a loan "high interest" by looking only at the annualized interest rate. There are many other factors that determine the true cost of borrowing.
Culture is merely a reflection of the individuals in a community expressing themselves in groups formed because of creative passion. Without passion and culture, we are simply just passing through. And who wants to live a life that dull and grey? We are shaped by our own choices and made better when our culture allows us to make them freely and with artistic expression and be better as a result.