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Who knows what sentiment may resonate after paying for a year for a few nights of frolic?
Dear Editor,
We live in a world where there is constant competition for resources which also includes time. We decide what to do with our time and ultimately what to do with our life.
A lot has been said about the recent Jam Zone’s Loan Zone, most of which is negative. The gist of the matter is that a Jam Zone partygoer could have gotten a loan to party and buy the rudiments of that activity, namely hair, nails and clothing as emphasized in the marketing of Loan Zone for Jam Zone. I am not going to expand on the racial undertones of that campaign and how limiting and big a blunder it is in assuming only a certain market niche. That is another letter altogether.
The loan has been offered by Republic Bank, which like all banks in all loan agreements have prerequisites that involve the borrower demonstrating capacity to repay. There has to be definite and proven work involved in repaying a loan, irrespective of what it is being used for. It is a real financial responsibility.
Whether or not Jam Zone is time meaningfully spent is an issue that is separate and apart from the responsibility of taking a loan. I believe that it is good that the energy of youth can be paired with a responsibility that can teach the wisdom of the old.
Who knows what sentiment may resonate after paying every month for a year for a few nights of frolic?
I am optimistic that a few of those same minds may reflect on what they could have done with that money to generate more money. That is the economic self propelling mindset that is required to make a stance against poverty.
How many of us can relate to frivolous spending when we were young? Did we not go through that phase as well, though in a different form?
Let them pay. A paying culture teaches responsibility first, after which the priority in spending is learned. Let them pay.
Arun S Richard
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