036: Debt Abolition: A Battle Plan For The Future

The Future Is A Mixtape

If aliens could beam to our shores with recording devices, a savage irony would immediately and immaculately light up their antennas: not only does our global society fail to provide The Golden Square to every person on Earth, humans are increasingly forced deeper and deeper into debt for those fundamental rights to Food, Shelter, Healthcare, and Education. The debt-staircase has become grossly absurd and toxically tragic—a ruinous prank laid upon us at an ever-accelerating rate since the dawn of neoliberalism. From cradle to grave, we’re trapped on a noxious treadmill of Debt Achievement Goals: School Lunch Debt, College Debt, Credit Card Debt, Auto Loan Debt, Housing Debt, Medical Debt, and more. And even after death, debt collectors hound our family members and moralize about unpaid balances. As David Graeber once said, “As it turns out, we don’t ‘all’ have to pay our debts. Only some of us do.” And who is that “some of us,” exactly? Well, certainly not the 1%; rather only the rest of us—the great unwashed 99%—as we resign to rumination and self-blame for not being entrepreneurial enough. As capitalism forces us to pay for our own existence (while it indiscriminately tears through the Earth’s remaining ecologies), we must seriously question the moral plea to “pay all debts.” And as it turns out, there is another path that leads us away from Terminal Dystopia Syndrome (TDS). Forged from relationships built during the prefigurative struggles of Occupy Wall Street —The Debt Collective has published an urgent and instructive new manifesto tackling the emergency of now: Can’t Pay, Won’t Pay: The Case for Economic Disobedience and Debt Abolition. In this episode, Matt & Jesse consider the emancipatory ideas of this important book, the necessary demand to abolish debt, and how we might reclaim the “intellectual luxuries” we all deserve. The Debt Collective offer a persuasive argument for how and why Debtors Unions have dynamic potential to become the most liberatory union movement in history, providing the leverage needed to redress hierarchies of racial capitalism and colonial plunder by inaugurating a new era of investment in “Reparative Public Goods.” Amidst the powerful and dark-tidal pull of the COVID-19 pandemic, Can’t Pay, Won’t Pay provides a capstone to a trilogy on debt: David Graeber’s Debt: The First 5,000 Years (an anthropological reckoning); Sam Esmail’s Mr. Robot (a popular awakening), and finally, this book by the Debt Collective—a battle plan plan for how we unfuck the world that capitalism has smothered and smeared into shit. A 21st Century Debt Jubilee must be wrought by all of us, collectively.

Comprehensive Show Notes Can Be Found at thefutureisamixtape.com

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