It's not the lender's responsibility to concern itself with the consequences of the lending for the borrower. I understand the impulse to hold people to act with more care for others, but I think it's ultimately counter-productive to absolve the party that is fundamentally the only one responsible of their responsibility for their predicament. This is a government when we're talking about, not a child.
It is the lender’s resposibility (and the govrernment’s responsibility to regulate lenders) when said lenders can loan enough money such that that economy is wrecked if the loans are paid back. Making one bad loan is not a problem. Making millions of bad loans that endangers the economic well being of a nation is a problem.
That depends. Usury is a counter example. There's a reason loan sharks are viewed with disdain. That isn't to say the borrower doesn't bear any responsibility, but consent, apparent or real, is insufficient to categorically absolve the lender.
It's those childrens' parents that are responsible for empowering a responsible government, not German parents.
I mean we can blame the Germans, but it's not going to change anything. Borrowers will find someone to lend to them. It's only the borrower who can avoid getting under crushing debt.
