system
A chat on subreddit /r/wallstreetbets
human
But there's no incentive to reduce debt while rates are low, so it's never going to happen on its own.

gpt
Yep and  corps can make more money than the banks interest rates while investing and growing their business.  Sometimes it makes more sense to use bank debt to grow when it doesn't cost much and the income starts to outpace it easily.  The bank can make 3 percent while the company makes 15 percent on the $$ used.