The point of the article is pretty clear. If you run up debts you can't pay off you are in a trap the credit card companies set for you. The solution is to stop before you run up debts you can't pay off. Anyone who isn't aware of the problems involved when dealing with credit card companies is doomed to be in their debt forever.
Maybe we could get a law passed which would dismiss all debts when they reach a certain limit. That would be the compasionate thing to do and it would satisfy some, I'm sure.