A friendly but realistic
A friendly but realistic critique of the Rolling Jubilee program of Occupy.http://jacobinmag.com/2012/11/the-problem-with-strike-debt/"is purely symbolic." [given the figures and sums involved]"Occupy has inherited a lot of American populism’s obsession with finance as the root of all evil, without connecting it to the rest of the system."…"their call for debt repudiation also seems not to have been fully thought through. The world economy nearly collapsed a few years ago because maybe 10% of debtors were unable to service their debts. If we were to return to something like that, we’d return to the verge of collapse or beyond. And such a collapse wouldn’t hurt just the 1%. Workers’ pensions would be jeopardized. Banks would fail, and millions could lose their savings. Unemployment would rise towards 1932 levels of 25%. If you’re jonesing for systemic collapse in the hope of building something better out of the rubble, then be honest about it. But don’t expect to get much support for the agenda…"The author offers the very practical solution within the system for individuals to escape debt albeit not a collective struggle one – file for bankruptcy.