More Debt, Less Resistance: The New Feudalism

"That debt is bondage is a profound moral truth. But it is an important shaper of political and economic consciousness as well. The more you are in debt, the less likely you are to rock the boat. Take on your employer? Go on strike? Risk your job by trying to start a union? What, and miss a credit card payment? Don't you get it? I'm maxed out. Risk getting my car getting reposed? You've got to be kidding."

Read More of "Union Card or Master Card -- How a Nation of Workers Became a Nation of Debtors" by Frank Joyce

Source: Alternet
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1 comment:

  1. Anonymous9:18 PM

    I've been waiting for this to be written. We the people have been fleeced again - believing that our ability to buy 'stuff' is the same thing as freedom.


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