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Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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Time For Debt Reduction in Greece

Time For Debt Reduction in Greece | real utopias | Scoop.it
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments tha
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Occupy Wall Street's plan to beat consumer debt has quietly become a success - Business Insider

Occupy Wall Street's plan to beat consumer debt has quietly become a success - Business Insider | real utopias | Scoop.it
The group's Rolling Jubilee "Strike Debt" initiative has quietly forgiven millions in medical and student loans.
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Troika, Grexit or Plan B?

Troika, Grexit or Plan B? | real utopias | Scoop.it

The Greek government and its people must seize control of the commanding heights of the economy.  That means public ownership and democratic control of the banks and the major strategic companies; the launch of a public investment programme for jobs and growth and an appeal to solidarity within Europe for the Greek alternative against the neo-liberal governments in the Eurogroup.  That would probably lead to Greece being ousted from the EU, given the current balance of political forces.  But at least the Greek people and the rest of Europe would see why the Euro leaders are doing it and also have a clear alternative plan B to implement (https://thenextrecession.wordpress.com/2011/09/11/an-alternative-programme-for-europe/).

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A Greece debt deal is by all means not impossible - The Guardian

A Greece debt deal is by all means not impossible - The Guardian | real utopias | Scoop.it
Both sides talk tough but beyond the bravado there is plenty of wriggle room for Syriza and Brussels
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Big Fish, Little Fish | Michael Hudson

Big Fish, Little Fish | Michael Hudson | real utopias | Scoop.it
It seems part of a long-term strategy to cut back pensions, privatize them into individual accounts managed by Wall Street investment banks and insurance companies, and then to privatize Social Security.

This is part of the strategy to use the demand for budgetary balance to privatize the nations’ infrastructure too as it falls apart – on the ground that the government is broke, and cannot raise taxes on the rich or simply print the money itself to fuel economic growth.

It looks like Greece may be the test case for where the American economy is heading.
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Student Loan Debt Forgiven: Occupy Acts As Robin Hood for Borrowers - MainStreet

Student Loan Debt Forgiven: Occupy Acts As Robin Hood for Borrowers - MainStreet | real utopias | Scoop.it
Student Loan Debt Forgiven: Occupy Acts As Robin Hood for Borrowers MainStreet NEW YORK (MainStreet) — Though they are no longer a physical presence in New York's Zucotti Park, Occupy Wall Street is still an active force making waves in the news...
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Adapting to climate change can't be left to the wild west of the markets - The Guardian

Adapting to climate change can't be left to the wild west of the markets - The Guardian | real utopias | Scoop.it
Extreme weather events are expensive, and will put further strain on debt-laden states. But private finance is not the answer
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Cry for Argentina: Odious Debt, Fiscal Mismanagement or Pillage? Financial Mechanisms which Spearhead Nations into Bankruptcy

Cry for Argentina: Odious Debt, Fiscal Mismanagement or Pillage? Financial Mechanisms which Spearhead Nations into Bankruptcy | real utopias | Scoop.it

Argentina has now taken the US to The Hague for blocking the country’s 2005 settlement with the bulk of its creditors. The issue underscores the need for an international mechanism for nations to go bankrupt. Better yet would be a sustainable global monetary scheme that avoids the need for sovereign bankruptcy.


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The French are right: tear up public debt – most of it is illegitimate anyway

The French are right: tear up public debt – most of it is illegitimate anyway | real utopias | Scoop.it
Razmig Keucheyan: Debt audits show that austerity is politically motivated to favour social elites. Is a new working-class internationalism in the air?
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Interview: Noam Chomsky on the callous system of Student Debt and the structure of the “free market.” | Breakwater Review

Interview: Noam Chomsky on the callous system of Student Debt and the structure of the “free market.” | Breakwater Review | real utopias | Scoop.it

I interviewed Noam Chomsky about the student loan debt crisis on May 14, 2013, when I was an 8th grade student at Lexington Montessori School.  The interview was part of a documentary I made, inspired by my cousin’s struggle with student loan debt.  I contacted Professor Chomsky after reading a quote of his on the debt situation and he kindly agreed to talk to me on camera. This is a transcript of my interview.


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▶ MMT Movie: Economics for Dummiez - YouTube

"Banks lend by simultaneously creating a loan asset and a deposit liability on their balance sheet. That is why it is called credit "creation"--credit is created literally out of thin air (or with the stroke of a keyboard). The loan is not created out of reserves. And the loan is not created out of deposits: Loans create deposits, not the other way around."

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David Harvey on debt and crisis - Interview by Andrea Mura

How can we account for the current crisis and condition of indebtedness in which we live? What are the elements of novelty as well as those of continuity in current configurations of debt and austerity? What can Europe learn from other relevant experiences, in places like Latin America, Middle East, China? These are some of the questions that David Harvey responds to, following a keynote speech given in Teatro Valle during the Spatial Struggle event the previous day. Arguing for a strict analysis of the link between the crisis and neoliberalism which maintains the interpretation of the latter as a 'class project', Harvey emphasises the elements of continuity of that project since the 1970s, cautioning against those approaches (http://antonionegriinenglish.wordpres...) eager to move beyond a class vocabulary, and which stress instead the centrality of desire and precarity in accounting for contemporary forms of indebtedness, together with the elements of rupture that have emerged in recent years.

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Who will get screwed in Detroit's bankruptcy? - The Week Magazine

Who will get screwed in Detroit's bankruptcy? - The Week Magazine | real utopias | Scoop.it
The Week Magazine
Who will get screwed in Detroit's bankruptcy?
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Occupy Wall Street's debt buying strikes at the heart of capitalism - Raw Story

Occupy Wall Street's debt buying strikes at the heart of capitalism - Raw Story | real utopias | Scoop.it

Across the United States, 2,693 people have received a letter in the last few months, which identified a debt and read: “You are no longer under any obligation to settle this account with the original creditor, the bill collector, or anyone else.” This is the work of the Rolling Jubilee project – a non-profit initiative which buys personal debt for pennies on the dollar in the secondary market (where debt is sold to companies who then resell it to collection agencies) but then simply cancels it.

 
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Occupy Wall Street activists announce new elimination of $13mn of Americans’ debt

Occupy Wall Street activists announce new elimination of $13mn of Americans’ debt | real utopias | Scoop.it
The Rolling Jubilee project has announced that it has helped eliminate an additional $13 million of Americans’ personal debt, bringing its total to nearly $15 million in the past year. The project is run by Occupy Wall Street activists.
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"The ideology of debt is a powerful tool to justify violent inequalities" An interview with David Graeber : occupywallstreet

"The ideology of debt is a powerful tool to justify violent inequalities" An interview with David Graeber : occupywallstreet | real utopias | Scoop.it
reddit: the front page of the internet (#OWS -- The ideology of debt is a powerful tool to justify violent inequalities An interview with David Graeber http://t.co/PCpSuGXIEY)...
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation