it’s not just america. the entire west had to switch from the keynesian system to the friedman system after america and the uk’s pinochet experiment. unfortunately friedmans system doesn’t work if everyone does it; and the patch is currently to take advantage of the poor as new loan takers are born every day and it’s currently the only way to inject more cash into the economy.

when we (capitalist nations) stopped taxing the rich; it already started going south in the 90ies with the housing crisis and some radical adjustments that had been made to rights of business and the rich vs workers, and they had to find a way to keep re-injecting money into the economy now that infinite growth had come to a crawl because friedmans experiment in chile turned out to not actually work long-term. it’s part of the reason why we had the bank crisis in 2008, and the UK was actually the cause of it, but iceland became the fall guy. they were lending out money that didn’t exist, and the money you paid back was taken as profits. after the crisis, they had to figured out a new way to do it as they couldn’t increase taxes on the rich (thanks reagan), and the new way was by lowering rates, dismantling social housing and similar services, etc. while artificially increasing house costs etc. this way - not only are there no affordable housing; but you are socially encouraged to take loans that you can’t afford. so all these now socially acceptable burdens like house loans, car loans, school loans, etc. have been created solely to keep GDP going up and to re-inject money into the economy now that the rich gets to act like black holes sucking everything up from everyone else.

so, sure, it’s the poors fault that friedman economics put in action by reagan didn’t actually work and they had to patch it by forcing the underclass (new suckers born every day who are eventually forced to take a loan and re-inject into the economy) in an infinite growth economy with finite resources.