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- Title
WHAT IS THE WORLD WE ARE IMAGINING BEYOND DEBT?
- Abstract
This article explores the issue of debt in the United States and its effects on individuals and communities. It emphasizes the high levels of debt held by households and the challenges faced by workers who live paycheck to paycheck. The authors argue that financial literacy and personal savings are insufficient to address the systemic problem of racial capitalism that perpetuates debt. They propose the establishment of debtors' unions and advocate for debt abolition as a way to challenge the structures of racial capitalism. The roundtable discussion delves into the connections between racial capitalism and debt abolition, stressing the importance of collective action and a comprehensive analysis of the systems that sustain debt. The text also examines the interplay between debt and other social issues such as labor struggles, housing, and racial capitalism. It underscores the necessity of collective organizing and movement-building to tackle these problems. The conversation highlights how debt affects working-class individuals and the need to challenge narratives of accumulation and ownership. It also explores the potential for strikes and the significance of intersectionality in organizing efforts. The text suggests leveraging existing energy and politics to engage people in a broader vision of justice and freedom.
- Subjects
STUDENT loan debt; DEBT; UNITED States economy; DEBT cancellation; OCCUPY Wall Street protest movement
- Publication
In These Times, 2024, Vol 48, Issue 6, p28
- ISSN
0160-5992
- Publication type
Article