You have to implement solutions which work.

So young women will happily sell themselves to avoid paying recklessly accumulated debt and avoid working in uranium mine by the same.
Overall they will end up far better off than those insisting to remain free - you know, women are rather unimpressed with freedom to starve after all.
Meantime bankrupt banker fraudsters will end up in uranium mines so society will have some use of them at the end.
And don't be confused here - no one will have $ billions to pay their outstanding debt and buy them out as slaves.
So uranium mine will remain their destiny.

Other Debtors (males and ugly women) will do some useful job (there will be a lot of work needed to organize orderly retreat from consumerism and attempt designed powerdown but unfortunatly only marginal pay will be available).
Meantime they will be fed with healthy, high protein diet (roaches), so they should not complain too much.

And any job will have to be done under unsafe conditions because current safe conditions are a product of full belly environment and insistence to maintain these in shrinking economy would prevent any useful job from being done at all.

Do you have any daughters? Do you teach them these things? Do you teach these ideas to your sons?

God help them.

I have 2 sons but obviously if I have a daughter I would explain her that accumulating excessive debt could result in slavery including sexual slavery.

An alternative could be a poorly paid job in exhausting conditions.
For example digging irrigation channels or indeed job in uranium mine.

Anyone (and those reckless in particular) should be held up to his/her contractual obligations. That includes young women.

How about if said daughter becomes the leader of a worldwide communist / anarchist / uber-socialist revolution, one that crushes the slave-masters into dust and takes the goods for themselves, and rewrites the rule books as they see fit?

Herein lies the flaw in mass "punishment" of a population...sooner or later, you're going to get your fanny handed to you on a silver platter.

Mark my words - it WILL happen...

I don't know, but back on topic, please.

Unfortunately future will not be that bright.

I have already demonstrated how ruling elites can ensure that appropriate, manageable proportion of population could be stigmatized with guilt of collapse.

Naturally that there will be some debtors who will try to rebel.
However crafty propaganda machine will make them looking like villains.
Any anarchists/communists etc will also be seen as villains.
That is because majority of population will perceive them as a threat to whatever is remaining from civilized life.

So in practice your rebellious daughter would be caught and sentenced to life in uranium mine.
That is because of armed resistance against her duty to pay her obligations, which she willingly accepted in the past.

As an alternative she could be handed down to local hospital and disassembled for body parts to support elite members in need.
They are doing it China, so why not in US?

Because Reverse Engineer was insisting that peoples should be allowed to get their homes, cars, plasma TV and holiday on Maldives without any need to pay for it.

He was also taking about taking someones else money and handing them down to arbitrary peoples, possibly his friends in need.

So I am trying to convince him that such approach wouldn't work and suggested alternative which entails forcing peoples to honor their contractual obligations, especially if these were undertaken for frivolous reasons.

OK.

Oh yeah. Blah blah blah. We may end up like, SWEDEN! I wake up in a sweat every night after dreaming about living in a place that taxes like crazy but provides the basic necessities when times are tough. Can you stand it?--Jack booted thugs, forcing universal health care, daycare on us? Oh the horror!!

You must be joking. Swedish model in environment of economic collapse?

What strikes you as funny? People working together in a democratic state, with low tolerance for huge disparity in incomes? Works for me.

But there will be less and less room for any economic activity left.
Means less jobs, diminishing money on social funds (benefits etc), diminishing money to keep infrastructure and government agencies working etc.

There will be no means whatsoever to keep anything remotely resembling Swedish life standards for example in US.

Are you aware that Sweden have a very low population density and there is fewer Sweds and Norwegians taken together than Londoners btw?

And Swedish model also requires perpetual growth to function...

I see. Its MY FAULT since I advocate stripping the rich of their wealth and giving it to the poor and not YOUR fault since you advocate young women pay off their debts Flatbacking their way down the highways of Eastern Europe. LOL.

Your logic is without peer on this website EU. I am in AWE. LOL.

Reverse Engineer

No, you are offering some silly, unworking solutions (anarchy & general debt abolition?) which would destroy any currency involved and result in Mad Max environment.
If ever implemented, then you will see how proper slavery looks like.
Think Somalia for the start.

I doubt that.

And I am certain that my logic (eg frivolously accumulated debts must be repaid) have plenty of peers in various government agencies.
However I must admit that they are allowing some exceptions for well connected bankers. Tough luck.

And finally young women (or men) must understand that accumulating debt beyond means to repay it may lead to slavery.

That will be particularly true in shrinking economy where current interpretation of human rights and other full belly values will go to dustbin.

And they will.
I have seen it in practice, you did not.

You are living in self entitled lalaland.
Such a lot of entitled peoples around.
Entitled to consume and not pay.