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But the powers that be have found turning adults into debt slaves as early as possible to be a brilliant bit of social engineering, forcing the young to stay in line lest they mar their employment prospects. And as long as the powers that be continued to be successful in pitting the young against the old rather than against their common enemies, a predatory and extractive financial services industry and a super-wealthly class that prefers to mine rather than develop the countries in which they hold investments, it’s unlikely that either group will escape the grim future that the neofeudalists are in the process of creating.

Student Debt is Crushing the Economic Future of the Young (via azspot)

Highly recommended: David Graeber’s 'Debt: The First 1000 Years'

(via wilwheaton)

(via infoneer-pulse)

Notes

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