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This USA student loan scheme is one of the most brilliant machines of social control ever devised.

People get of college already owing a lot money, now they have to work for shit, and put up with their asshole bosses do. They can't have the option to spend couple of months searching for jobs or they will have to default their debt and mess all their future life.

Nothing like a well behaved society where the workers can't complain.

Brilliant!!

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"...a cynic might argue that we haven't really abolished slavery; we've just relabeled it. The cynic would have a point: an ancient Greek would certainly have seen the distinction between a slave and an indebted wage laborer as, at best, a legal nicety."

https://books.google.com/books?id=lliTBQAAQBAJ&pg=PT275

Thank you for the citation; I've ordered the book. Would you happen to have any other book recommendations on the topic, or adjacent topics?

Bailout by Neil Barofsky is very good. https://www.amazon.com/dp/B00818J57W

For critical responses to Graeber's book, the Crooked Timber seminar on it is well worth reading. http://crookedtimber.org/category/david-graeber-debt-seminar...

Also, Soros's The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means, though Graeber's book is what really brought Soros's claims into focus for me. https://www.amazon.com/dp/B004HKIFR4

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