Saturday, December 7, 2013

The Debt Matrix: Consumption and Modern-Day Slavery

Click here to access article by Timothy Alexander Guzman from Silent Crow News.
In today’s world of unlimited credit, consumers become modern-day slaves to their creditors.  What is the difference between slavery in 18th century America with imported African slaves and the America of 2013?  There is no difference besides the physical abuse of the African slaves by their owners.
Actually, a good argument could be made for classic slavery as better than this modern form of debt slavery. When a person is the property of an owner, he/she will likely be taken care of to insure that he/she remains productive as a laborer for the owner's enterprise. Such a tendency would never enter the minds of a bank executive toward one of its debtors.