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The American Plutocracy Wants Workers Trapped in Debt (jacobin.com)
submitted 2 months ago by to c/usa@lemmy.ca
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[–] 27 points 2 months ago (4 children)

This is what parasitic elites have wanted since before the invention of coinage.

Hyjacking the social infrastructure of personal debts was one of the earliest strategies to maintain power over others.

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  • [–] 9 points 2 months ago

    'Hyjacking the social infrastructure of personal debts was one of the earliest strategies to maintain power over others.'

    exactly the reason we have fiat currency.

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  • [–] 3 points 2 months ago (1 child)

    I think the invention of religion predates that of personal debt. Religion/mysticism was the first large scale. systemic exercise of power over others: "Give me your food and possessions and I will bring us good luck." or "tell you the mysteries of the world", or whatever scam worked.

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  • [–] 4 points 2 months ago

    I believe the concept of debt is observable in other primates' behaviour, so it likely goes back to our last common ancestor at least with chimps, if not further back. So probably debt predates homo.

    I think debt comes before religion, is what i mean.

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    • [–] 9 points 2 months ago

    And if you happen to have anything left over after paying your student loans, here's a fun gambling app to relax with.

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    [–] 11 points 2 months ago

    ya but American workers are stupid enough to try and finance a $100,000 pickup truck on $30.00/hr income.

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