By Alex Germanis

In the subsequent fallout from the war on Wonga, has debt once again become the bad guy? There certainly are unpalatable consequences to bad debt, yet throughout human history we have used debt, whether in barter-based economies or today’s complex financial markets.

Debt can be utilised in a variety of ways, enabling social good as much as allowing the criminally bent to prey on innocent victims. For every dodgy sub-prime mortgage, countless others allowed people to own the roof over their heads. So from a community energy perspective, does debt need to be a dirty word?

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