Gerald Epstein, Political Economy Research Institute, and Department of Economics, University of Massachusetts, Amherst): Financialization of the economy has been developing since the late 19th century and is now at historic Levels
Posts tagged ‘Strike Debt’
Financialization and the World Economy
by n0madic, posted on Sunday, September 30th, 2012 at 7:36 pmPam Brown: Occupy Debt
by n0madic, posted on Thursday, September 20th, 2012 at 8:19 pmfrom GRITtv with Laura Flanders
We as a society view our monetary debts as a moral issue: We took out the money, we should have to pay it back. The problem with this logic is that the money we are giving the banks, financial institutions and our government never existed before the interest we incurred piled up.
Pam Brown of the Occupy Student Debt Campaign and Strike Debt says there’s another way out of our predicament: If our numbers are large enough, we can collectively refuse to pay back the trillions that are being extorted from us.
