Of course you’re right and there is no way back.
I accept your correction that politicians invented the credit system…..make sense. (most probably bankers turned politicians)
Never the less my argument revolves around respect for money. I don’t know if you remember the early ‘80th, but at that time a credit revolution took place in Israel (with an active support of that “genius” Milton Friedman), and what happened??? The inflation reached 1000%!!!
Of course education is the right thing, but is it practical? Credit cards been around over 30 years (I still remember my first card from Bank Ha’poalim…forgot the name) but can you say our children are better equipped to deal with credit?