From an original group of 15 individuals no longer willing to pliantly suffer under the crushing financial burden created by the costs of higher education, the movement challenging that nation's student debt epidemic has now grown to more than 80 people who say they will stop making loan payments in protest of the predatory practices of for-profit colleges and the larger student loan model.
We’re going to need to develop a cooperative society so that many thousands of individuals with crushing lifetime debt don’t have to pay their debts to the crooks for their entire lives.
These individuals aren’t going to own their own homes, which can be siezed by the repo man for resale, but the co-op will own the home and the individuals will have rights.
These individuals aren’t going to have normal jobs, where the banks can attach their wages, but some of their work hours will go to housing, some to co-op food, and so on. A hard-to-seize amount of money may be paid directly for heart’s desire incidentals.
Excellent comment, and excellent ideas.
The building of a cooperative economy applies very well to the specific situation of the (frankly evil and criminal) “student loan” scam in the USA, in which the only loans that can never be forgiven are student loans.
Think about it (not you Paul but any reader who does not grasp this scam): You can even go through bankruptcy, but special laws have been written that bind victims of the “student loan” scam for life.
But also, the building of a cooperative economy applies very well to meeting pretty much every social need. Folks should look up the Democracy At Work Institute, the Democracy Collaborative, Cooperation Works, the Yes! Magazine theme of Commonomics, the Working World, Gar Alperovitz’ book and movie What Then Must We Do: Straight Talk About The Next American Revolution, and numerous other resources on how to build co-ops and democratic economies.