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View Diary: Together, We Are Not A Loan. Come to Strike Debt Bay Area's Debtors' Assembly. (30 comments)

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  •  Well I guess... (2+ / 0-)
    Recommended by:
    soros, VClib

    ...we're all powerless over our lives then.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Fri May 17, 2013 at 07:28:15 PM PDT

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    •  Capitalism is designed as a system of (5+ / 0-)
      Recommended by:
      ZhenRen, AoT, jpmassar, Klusterpuck, JayRaye

      debt slavery. No one ever got rid of the company store or the cotton plantation, for that matter. They just changed the way they look.

      Which is why so relatively few aren't in debt.

      You see, if Mitt followed your advice, he'd never even gone to college in the first place. Except of course for his parents. And then if he wound up working for minimum wage...

      Just go and read "Nickled and Dimed." There's a whole world out there.

      From here on out, no one can escape the havoc wrought by the unmitigated Class, Climate and Terror Wars.

      by Words In Action on Fri May 17, 2013 at 08:13:07 PM PDT

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    •  Actually... (5+ / 0-)

      We are powerless, unless enough people wake up. The power we have is in collective mass action.

      Power in our current system is owned by the wealthy class, by design.

      People at the bottom were not bailed out. People at the top not only were bailed out, despite the corruption, but actually increased their wealth during the great recession, while the rest of us lost wealth.

      My god, wake up.

      One day, people will rise up, and reclaim their power. Until then, no, we have little power over our own lives.

      We are wage slaves, and debt slaves.

      "In times of universal deceit, telling the truth will be a revolutionary act." -George Orwell

      by ZhenRen on Fri May 17, 2013 at 08:14:18 PM PDT

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    •  well, you clearly aren't (5+ / 0-)

      You can choose where and when you work. You have said numerous times that you are far above average. And yet you think everyone has the same choices as you. That's naive.

      If debt were a moral issue then, lacking morals, corporations could never be in debt.

      by AoT on Fri May 17, 2013 at 08:29:07 PM PDT

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    •  Here you go (3+ / 0-)
      Recommended by:
      ZhenRen, Klusterpuck, JayRaye

      Debt: the first 5,000 years, by David Graeber.

      Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter system — to relieve ancient people from having to haul their goods to market. The problem with this version of history? There's not a shred of evidence to support it.

      Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginning of the agrarian empires, humans have used elaborate credit systems — a system that far preceded cash or organized barter. It is in this era, Graeber shows, that we also first encounter a society divided into debtors and creditors.

      With the passage of time, however, virtual credit money was replaced by gold and silver coins — and the system as a whole began to decline. Interest rates spiked and the indebted became slaves. And the system perpetuated itself with tremendously violent consequences, with only the rare intervention of kings and churches keeping the system from spiraling out of control. Debt: The First 5,000 Years is a fascinating chronicle of this little known history — as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy. -Melville House, the publisher

      The author concludes in Chapter 6, page 164: “If we have become a debt society, it is because the legacy of war, conquest, and slavery has never completely gone away.” Government debt to private parties has been used to manipulate and corrupt government for private ends, particularly, in the present debt paradigm called capitalism. Debt has been used to degrade everything including human lives to a monetary calculation that eliminates all social obligations to each other. This is especially observable in the later development of capitalism that has reduced society to a system of practical debt slavery.- - American Monetary Institute
      David Graeber (wikipedia)
      an American anthropologist and anarchist who is a Reader in Social Anthropology at Goldsmiths, University of London.[1] He was an assistant professor of anthropology at Yale University, although Yale controversially declined to rehire him,[2] and his term there ended in June 2007. Graeber has been involved in social and political activism, including the protests against the World Economic Forum in New York City in 2002 and Occupy Wall Street.
      Debt: the first 5,000 years

      From here on out, no one can escape the havoc wrought by the unmitigated Class, Climate and Terror Wars.

      by Words In Action on Fri May 17, 2013 at 08:42:17 PM PDT

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