Strike Debt & the Corinthian resisters

Someone asked me on Facebook yesterday what I’d written on Strike Debt and I posted some links from this site. One of the Strike Debt organizers, Astra Taylor, wrote me to complain how hard that was to read after all the work she and others have done organizing debt resistance at Corinthian College. She’s right, and I’m sorry to have brought all that up again. I wrote those critiques of the debt buyback program, which seemed politically murky to me. But the Corinthian actions are totally admirable. Corinthian is a chain of crappy… Read More

Responding to Mike Konczal’s response

Mike Konczal responds to my criticisms of the Rolling Jubilee by rejecting arguments I don’t really make, though he runs some of them through a caricature machine, and then brings up other “more important” worries that bear no small resemblance to mine. I can’t even make sense of some of the things he says. For example, I’m not sure what this even means, much less how it fairly represents anything I said: Doug Henwood, for instance, believes that this is generated by activists’ uncritical populism, or the anarchist anthrology of David Graeber’s Debt, or the reification of Bowles-Simpson’s… Read More

The debt obsession

As I was electronically discussing my comments on the Rolling Jubilee yesterday, I got an email from Fix The Debt, the deficit-obsessed austerian group founded by Erskine Bowles and Alan Simpson. Bowles and Simpson are, of course, the deficit scolds who led the failed commission created by Barack Obama in 2010 whose mission was to lead the U.S. back to the path of fiscal rectitude. And though the StrikeDebt! people have little in common with that gang of ghouls who want to cut Social Security and Medicare, they do share one feature: an obsession with debt…. Read More

Rolling where?

Rolling Jubilee (RJ) has certainly gotten a lot of attention in the few days since it was launched. An initiative of Strike Debt!, an offshoot of Occupy Wall Street, the Jubilee describes itself as a…project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. Together we can liberate debtors at random through a campaign of mutual support, good will, and collective refusal. Debt resistance is just the beginning. Join us as we imagine and create a new world based on the common good, not Wall Street profits…. Read More