Here is a plan for Australia to stop the rot. We have two main problems. The first is the double payment of interest and bank fees by disguising extending credit as a capital gain to the lender and the second - more important one - is the creation of new money using loans - which gives new money for no cost to those with most money. https://kevin-34708.medium.com/making-money-87ce7a29d49b It is no cost because lenders get cheap money unavailable to poor people and get the poor people to pay for it.

I haven't looked closely but expect the problems are world-wide.