Thursday, February 6, 2025

Debt is the ingenious means to the creation and perpetuation of a new form of slavery

Debt is the ingenious means to the creation and perpetuation of a new form of slavery. With capitalism's perpetual dependence on ever-increasing inflation (and with it, a continual slide in the devaluation of money) you are intended to always feel the pressure to earn more, work harder, have to spend more and, thus, use more and more credit (loans and credit cards), otherwise you can never "compete" with your neighbors and friends in the race to accumulate the most toys, take the more exotic trips, play hard with your debt-accruing vacations and parties and accumulation of tools of comfort and ease. Whereas the bondage of previous forms of slavery might include literal forms of chains, open oppression and torture, and prison-like conditions of depravity, in the new society each American has been allowed to share in the toys and comforts and games of modern convenience but only at the price of becoming indentured to the chains of the threat of penalty, legal action, and/or jail time for paying off the debts one accrues in order to live this high life. How many of you can honestly say that you can wake up and decide that you're not going to work today, just because you feel like it, without feeling the tremendous guilt and pressure of job security, income deficiency, and worry about one's inability to pay the bills awaiting your regular payment? If you can, then I count you as one of the lucky minority. The rest of us have to remain ever vigilant to each months bills, each year's taxes, each hunger pang and doctor or dentist visit, each whimsical "need" you want to satisfy according to the way you are conditioned as a good consumer-capitalist.

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