Is Debt worse than slavery?

Discussion in 'Economics' started by corelove, Oct 21, 2010.

  1. corelove


    CNN will air a documentary tonight stating debt is the new slavery.

    Pretty harsh words from the pastor. Does he forget one is voluntary and the other forced?
  2. Buzzed


    Slaves never have a choice to become a slave in the first place.
  3. In the past, when debt became too big,many times they just trew the bankers in jail or cut of their heads and that was the end of that.

    Today they bitch if you mention a 0.10% transaction tax...

    And still people say history always repeats....
  4. corelove


    Interesting debaser. I wonder if a reset of the entire system is on it's way. Or will the bankers just be overthrown in jail? This CNN doc at 9 est tonight will be an eyeopener.
  5. Debt is the most productive form of slavery.

    Formal slavery is expensive and not productive.

    The best way to squeeze a persons wage is to keep him/her under debt.

    All over the world you find FAMILIES working for a few rich guys trying to pay an ever increasing amount of debt.

    For those of you who dont know about these practices you should go to asia, latin america and africa.
  6. corelove


    Exactly. It's shocking to see the two compAred by those who have suffered true slavery.
  7. Most of the slavery that used to happen in the world was debt based slavery. Despite what national black history month taught you, it wasnt americans running off to africa and running around the jungle grabbing every african they could find to bring them over there to work. They went to africa and BOUGHT black slaves from other blacks who americans were told had debts, or were criminals(owed a debt to society).

    But debt & slavery are the same. You have a choice of whether or not you want to run away from it, but if you do...the consequences are high in both situation.

    Not every slave in history was unhappy either. Many slaves who paid off their debts were happy with their masters decided to stay with them afterwards. How many people do you know that after they pay their debts, decide to continue to pay their creditor because they are happy?
  8. olias


    I don't think it's shocking. Obviously it's an exaggeration, but there is a lot of truth to the comparison too. And, it's not a new concept. The comparison has been made many times before.
  9. BSAM


    Unless you make really good money in the USA, you are little more than a slave.
  10. #10     Oct 21, 2010