WEBVTT - From Debt to Society

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<v Speaker 1>Microphone. Chuck, you're listening to waiting on reparations and production

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<v Speaker 1>of I Heart Radio one to want to factor chandelier

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<v Speaker 1>on the beach. Oh yeah, uh yeah yo yo Yo,

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<v Speaker 1>I'm like, I'm like, I'm like, who the hell is

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<v Speaker 1>this calling me? A waken me up at night in

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<v Speaker 1>my slumber looking at my phone. I don't recognize this number, Yo,

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<v Speaker 1>I can't say it. I'm looking at that ship. I

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<v Speaker 1>think of Bill. They want me to pay it. I'm like,

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<v Speaker 1>funk that. I don't know who they're trying to find, yo,

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<v Speaker 1>because I don't even know nobody who live in Ohio.

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<v Speaker 1>So now I gotta ducking dodge you probably getting another

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<v Speaker 1>job that want to get my neck? No battle, what's

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<v Speaker 1>the cost? He collectors? I ain't paying you ship. Telly

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<v Speaker 1>May Yeah, she stay on my dick. These niggas be

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<v Speaker 1>up in my damns. She said. He trying to reap

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<v Speaker 1>hiss my priest. But I'd be sipping orange so that

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<v Speaker 1>like my name was Keenan. You have to notice how

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<v Speaker 1>everyone you used to vote, and all your family and

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<v Speaker 1>your friends where y'all got the student loans. Everybody shares

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<v Speaker 1>the pain. It's not just you a loan. That's while

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<v Speaker 1>we always write these robs and give you all this

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<v Speaker 1>moving pole. Imagine you're pulled over in the car for

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<v Speaker 1>the map. You're the curse of the police to get

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<v Speaker 1>fucking charged with the threat. You come the book and

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<v Speaker 1>swept inside the carseral net. So now you got this

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<v Speaker 1>lawyer fees and finds carsoral debt. But if we all

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<v Speaker 1>came together about the hundred thousands, we could get them

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<v Speaker 1>to cancel all the mortgages on the houses. But it's

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<v Speaker 1>only possible if you're willing to be loud and too

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<v Speaker 1>people know you're done with that, no longer allow it. Yeah,

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<v Speaker 1>fuck yeah, it's dope, knife, I'm legal, Francay. We are

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<v Speaker 1>waiting on reparations. That was that was fired that I

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<v Speaker 1>was still basking a little bit and forgot to say,

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<v Speaker 1>Harry up, it's all good. So how you been, man, Man,

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<v Speaker 1>I've been good. Yeah, just same. We'll keeping up on

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<v Speaker 1>this election fiasco while you know, trying to do my thing.

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<v Speaker 1>But geez, you know, it's almost like you can't even

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<v Speaker 1>really make any plans right now until the election gets resolved.

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<v Speaker 1>So that's kind of where I'm at right now. When's

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<v Speaker 1>that going to be I mean, I'm at least talking

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<v Speaker 1>about election night. I mean, who knows how long that

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<v Speaker 1>mess that old pipe dream which one election night? No,

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<v Speaker 1>I mean you know what, I don't know. I don't

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<v Speaker 1>know now with the with the new poll numbers, I

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<v Speaker 1>mean obviously none of this matters. Every you know, people

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<v Speaker 1>gotta vote, you know, so poll numbers don't mean ship.

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<v Speaker 1>But right now it's looking like he might not even

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<v Speaker 1>really be able to achieve. But you know he's gonna try.

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<v Speaker 1>But I'm just saying, and revised my previous statement in

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<v Speaker 1>that on election night, we should know who are new

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<v Speaker 1>d A is. We shouldn't know who our senators are

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<v Speaker 1>going to be, and that's definitely matters. Does stuff really

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<v Speaker 1>really matters to take back the Senate? We have somebody

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<v Speaker 1>who in Athens a least is going to be pushing

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<v Speaker 1>for a sort of justice practices and for you know,

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<v Speaker 1>not prosecuting like minor drug offenses and ship like that.

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<v Speaker 1>That's the ship y'all gotta get out and vote for.

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<v Speaker 1>It's like the down ballot races are the really important ones.

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<v Speaker 1>If you want to see, like you know what I'm saying,

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<v Speaker 1>the real change happened. Yeah, like your carseral debt. We're

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<v Speaker 1>talking about debt this week. If you're thinking about your

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<v Speaker 1>lawyer fees you gotta pay and the fines you still

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<v Speaker 1>owe the courts in the county and uh all that ship.

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<v Speaker 1>That ship is not determined by who your president is.

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<v Speaker 1>That's determined by who your d a ends up being,

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<v Speaker 1>whether or not you go to jail for smoking weed

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<v Speaker 1>or I don't know, doing doing a little math talking

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<v Speaker 1>about debt, I mean, even the president of debt. I

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<v Speaker 1>can't believe. I don't even know if we were prepared

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<v Speaker 1>to get into that in this episode, but we absolutely

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<v Speaker 1>should not much to get into. President owes hundreds of

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<v Speaker 1>millions of dollars and barely paid any taxes in the

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<v Speaker 1>last ten years. Not much more to it. I gotta

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<v Speaker 1>pay my I got six grand. I gotta pay my

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<v Speaker 1>payoff on my car. I know friends that are still

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<v Speaker 1>paying off on like d uys from almost a decade ago.

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<v Speaker 1>So and and here we have a president who just

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<v Speaker 1>received world class medical care, the best medical care you

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<v Speaker 1>can probably receive in the entire world, without having to

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<v Speaker 1>pay a single penny. Thinking about how many people go

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<v Speaker 1>into medical bankruptcy every year. You want to know what's

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<v Speaker 1>even more wild, think about this. He didn't even pay

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<v Speaker 1>for that ship. You did, like literally because this is

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<v Speaker 1>this is like like he just got government run healthcare,

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<v Speaker 1>not government run health insurance. He got government run healthcare.

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<v Speaker 1>Doctors are paid by the st the state. The lights

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<v Speaker 1>were kept on on the crystal chandelier and his executive

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<v Speaker 1>suite by the state, by us, by me, and you

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<v Speaker 1>damn sure wasn't eager to drop any ducats on that ship.

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<v Speaker 1>Then Nicka paid yeah, nothing, nothing. So all we're asking

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<v Speaker 1>for is for all of us to receive that. I mean,

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<v Speaker 1>I don't even need the chandelier, I don't even need

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<v Speaker 1>the sixth room suite and the best doctor. Give me

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<v Speaker 1>a decent doctor for free. Fucking I'm there, I'm in.

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<v Speaker 1>But that's what we're talking about this week, using our

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<v Speaker 1>debts to organize for a better world where we all

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<v Speaker 1>have access to free healthcare, we all have access to

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<v Speaker 1>free college and things like that. We are so this

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<v Speaker 1>week we speak with Astra Taylor and author, documentarian, organizer

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<v Speaker 1>with the decollective debt affects all of us, from those

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<v Speaker 1>who make it big and mismanage their money and lose

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<v Speaker 1>it all to those of us who've never had any

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<v Speaker 1>in the first place, and the decollective offers a radical

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<v Speaker 1>new organizing strategy for racing these that's and establishing a

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<v Speaker 1>new societal order where debt doesn't exist at all. So

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<v Speaker 1>before we talk with Astro, we're gonna go through a

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<v Speaker 1>couple of interesting stats and facts about debt in America

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<v Speaker 1>and this debt based economy and what hip hop has

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<v Speaker 1>had to say about it. All Right, So, per Business Insider,

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<v Speaker 1>the average American debt totals fifty one thousand, nine hundred dollars,

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<v Speaker 1>and that includes mortgage loans, home equity, lines of credit,

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<v Speaker 1>auto loans, credit card debts, student loans, and personal loans.

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<v Speaker 1>Student loan debt in is now about one point five

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<v Speaker 1>six trillion dollars. The latest student loan debt statistics from

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<v Speaker 1>show how serious the student loan debt crisis has become

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<v Speaker 1>for borrowers across all age demographics and age groups. Therefore

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<v Speaker 1>five million borrowers who collectively owe almost one point six

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<v Speaker 1>trillion dollars and student loan death in the US. Research

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<v Speaker 1>shows that about a hundred and thirty seven point one

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<v Speaker 1>million Americans have faced financial hardship because of medical costs.

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<v Speaker 1>According to a two thousand nineteen survey conducted by Gallup

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<v Speaker 1>in the nonprofit West Health, Americans borrowed and estimated eighty

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<v Speaker 1>eight billion dollars last year to pay for healthcare. In

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<v Speaker 1>two thousand seventeen, the United States spent about three point

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<v Speaker 1>five trillion dollars, or eighteen percent of the GDP, on

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<v Speaker 1>health expenditures, more than twice the average among developed countries.

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<v Speaker 1>Of that three point five trillion dollars, one point five

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<v Speaker 1>trillion is directly or indire actually financed by the federal government.

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<v Speaker 1>Prison parole and probation operations generate about eighty one billion

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<v Speaker 1>dollars in annual costs of the u S taxpayer, while

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<v Speaker 1>police court costs, bail bonds fee, and prison phone fees

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<v Speaker 1>generate another hundred billion dollars in court costs, and those

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<v Speaker 1>are paid by the individual. And so I've read a

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<v Speaker 1>lot about out the way that like there's private companies

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<v Speaker 1>that UH contract out to provision UH monitor ankle bracelets

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<v Speaker 1>to people on probation or house arrest, and they have

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<v Speaker 1>to then pay every month. And this is like an

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<v Speaker 1>extra bill if they if they fall behind on paying

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<v Speaker 1>the company for their ankle monitor they can get sent

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<v Speaker 1>back to jail. And so these cars rule forms of

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<v Speaker 1>debt the you know, in addition to bail bonds, fees

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<v Speaker 1>or court costs um but all of these things were

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<v Speaker 1>involved with like probation and house arrest and like being

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<v Speaker 1>on parole, like with like paying your roll officer and

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<v Speaker 1>things like that. Like in the fact that you can

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<v Speaker 1>get sent back to jail if you don't pay them

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<v Speaker 1>are like a really ominous and like a cruel form

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<v Speaker 1>of debt that we put people into a country like

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<v Speaker 1>that that it's like ship like that is why I'm

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<v Speaker 1>not overly harsh on people who believe like wild conspiracy

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<v Speaker 1>theories and ship like that, because the ship just seems deliberate.

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<v Speaker 1>You know what I'm saying. It feels like in this

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<v Speaker 1>net that it's just like layers upon layers of deliberate

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<v Speaker 1>fuckering to just make life as uncomfortable as it can

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<v Speaker 1>possibly be. Said, A chill go down my spine. But

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<v Speaker 1>do you likened like believing we live in this net

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<v Speaker 1>to like a conspiracy theory? I was like, this isn't

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<v Speaker 1>just what everyone believes. It's not everyone realized you live

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<v Speaker 1>in this net where they're trying to drag us down

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<v Speaker 1>deeper and deeper. Would you would you say, it's commonly

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<v Speaker 1>known that police, uh you utilize citations and the revenues

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<v Speaker 1>they generate from that, and a lot of money from

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<v Speaker 1>us and like little ways, not just from the president

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<v Speaker 1>industrial complex, but just general revenue from finals and fees

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<v Speaker 1>and uh forfeitures so a. Porting to a national database

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<v Speaker 1>compiled by Governing magazine, at least five hundred and eighty

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<v Speaker 1>three cities and towns have collected ten or more of

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<v Speaker 1>their general fund revenue from fines and forfeitures. Among those jurisdictions,

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<v Speaker 1>eighty relied on fines to generate over half their budget revenue.

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<v Speaker 1>Most of those municipalities came from just four states, Georgia, Texas, Louisiana,

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<v Speaker 1>and Oklahoma. Yeah. I mean, if if Athens were you

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<v Speaker 1>collect ten percent of our general fund revenue from fine

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<v Speaker 1>cent forfitures, that'd be about thirty million dollars. Not that

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<v Speaker 1>I I should know if that's true, but I don't

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<v Speaker 1>think it's that bad here um. According to the New

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<v Speaker 1>York FEDS Household Debt and Credit Report from the fourth

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<v Speaker 1>quarter of two thousand nineteen, Americans owed one point three

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<v Speaker 1>three trillion dollars in outstanding vehicle debt. So financing these cars,

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<v Speaker 1>I mean, not even these fancy cars. We live in

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<v Speaker 1>such a car centric like infrastructure spear that just to live,

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<v Speaker 1>you gotta go into debt to buy a car, just

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<v Speaker 1>to be able to get to work. Like your car

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<v Speaker 1>breaks down, you lose your job because you don't have

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<v Speaker 1>a stable form of transportation anymore. That means you can't

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<v Speaker 1>pay rent, which means you become homeless, which means then

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<v Speaker 1>you lose your kids, like you have, Like having a

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<v Speaker 1>car is so critical, and so many like having a car.

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<v Speaker 1>It's like how many Yeah, so you have to Like

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<v Speaker 1>you're you're paying your car off month after month, You've

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<v Speaker 1>got your monthly payment, and then all you accidentally, like

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<v Speaker 1>you get hit and then you've gotta and your insurance

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<v Speaker 1>won't cover it, and now you gotta pay five hundred

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<v Speaker 1>dollars and you already have like a three five car

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<v Speaker 1>payment every month, and your insurance costs every month, and

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<v Speaker 1>now you can't even use the car that you own,

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<v Speaker 1>but you still owe the fucking bank for it. That's

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<v Speaker 1>one of my worst fears, not the worst, but like

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<v Speaker 1>I think about it, So these are all topics I mean,

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<v Speaker 1>from financing cars to financings moans that many rappers have

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<v Speaker 1>touched on. And I just want to bring up how

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<v Speaker 1>uniquely touched by this the hip hop generation is because

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<v Speaker 1>older generations have, like I really feel like they have

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<v Speaker 1>no idea what it's like to be this and debt.

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<v Speaker 1>They grew up when they could get cheap loans for

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<v Speaker 1>houses to the Federal Housing Administration. College cost near to

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<v Speaker 1>nothing before Reagan us to be graduated thousands in debt

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<v Speaker 1>into her reception. For the love of God, the prison

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<v Speaker 1>industry didn't boom until then eight to the eighties and nineties,

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<v Speaker 1>So all these fucking boomers got to like do all

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<v Speaker 1>the drugs imaginable without being swept into the car sinoral

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<v Speaker 1>net and you know, saddle with all these fines and

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<v Speaker 1>fees and this debt, and then us we're just fucked spucks,

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<v Speaker 1>and so like, I feel like, why perhaps in our

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<v Speaker 1>investigation of like the lyric escape for this episode, there

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<v Speaker 1>wasn't as much reference to debt as I might have

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<v Speaker 1>imagined given these realities. I mean, I think it speaks

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<v Speaker 1>to hip hop somewhat as well, that like people don't

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<v Speaker 1>want to flosol, they don't got They don't want to

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<v Speaker 1>like flaunt what they lack, so like they're not I mean,

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<v Speaker 1>they might be talking about getting out of debt, but

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<v Speaker 1>they're not going to be like I gotta leave it

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<v Speaker 1>on my car. But it's kind of like when we

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<v Speaker 1>were talking about labor, you know, it's just it's just

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<v Speaker 1>one of those no one to the fact they work

0:13:40.080 --> 0:13:45.440
<v Speaker 1>at dairy queen exactly. It's not necessarily I guess trope

0:13:45.440 --> 0:13:46.959
<v Speaker 1>would be the right word to use for it. It's

0:13:46.960 --> 0:13:49.440
<v Speaker 1>not necessarily a trope that's used in hip hop, the

0:13:49.480 --> 0:13:53.680
<v Speaker 1>trope of like, um, well, maybe I should say mainstream

0:13:53.760 --> 0:13:55.960
<v Speaker 1>hip hop, because you know what they're you know, I do,

0:13:56.880 --> 0:14:00.480
<v Speaker 1>like you said, not necessarily rapping about being in But

0:14:00.960 --> 0:14:03.959
<v Speaker 1>I definitely used to know a lot of indiects used

0:14:03.960 --> 0:14:06.680
<v Speaker 1>to wrap about being broke. Yeah, and then we have

0:14:06.760 --> 0:14:10.560
<v Speaker 1>a good example today, life and debt from Seattle spreaders,

0:14:10.559 --> 0:14:13.640
<v Speaker 1>blue scholars. I mean, they're more conscious for apperis and

0:14:13.760 --> 0:14:18.520
<v Speaker 1>music and lyrics frequently focus on struggles with socioeconomic classes

0:14:18.640 --> 0:14:24.440
<v Speaker 1>challenging authority. UM often rooted in the MC geologic history

0:14:24.480 --> 0:14:28.800
<v Speaker 1>as an activist within the Filipino American community, dealing with

0:14:28.800 --> 0:14:32.960
<v Speaker 1>issues immigration, racism, US imperialism the Philippines. But in This

0:14:33.440 --> 0:14:38.240
<v Speaker 1>Life and Debt, they talk explicitly about working class struggles

0:14:38.240 --> 0:14:42.200
<v Speaker 1>like working a nine to five, eight hours a day,

0:14:42.240 --> 0:14:47.240
<v Speaker 1>coming home, your bills are late, your interest accumulates, collection agency,

0:14:47.320 --> 0:14:51.240
<v Speaker 1>waits paycheck to paycheck. Let's listen a little bit of

0:14:51.240 --> 0:14:58.800
<v Speaker 1>this time working five. Sometimes they also find it really

0:14:58.840 --> 0:15:01.480
<v Speaker 1>interesting that they have a subtle critique of like the

0:15:01.560 --> 0:15:06.000
<v Speaker 1>nonprofit industrial complex. At one point, he says, uh, five

0:15:06.040 --> 0:15:11.080
<v Speaker 1>oh one c three community plantations, non nonprofit sector propped

0:15:11.160 --> 0:15:15.400
<v Speaker 1>up to kill the movement for the changes in production relations.

0:15:15.440 --> 0:15:18.680
<v Speaker 1>So he's talking about how like these charities that are

0:15:18.720 --> 0:15:21.960
<v Speaker 1>meant to like you know, aid the poor really aren't

0:15:21.960 --> 0:15:25.440
<v Speaker 1>impacting like the power dynamics and society or like who

0:15:25.480 --> 0:15:29.120
<v Speaker 1>controls like the profits of like the working classes labor

0:15:29.200 --> 0:15:32.800
<v Speaker 1>and Uh. I just thought that was really interesting, I mean,

0:15:33.080 --> 0:15:36.280
<v Speaker 1>especially with relation to like this idea of debt that

0:15:36.320 --> 0:15:41.479
<v Speaker 1>we're talking about today, where so many things are privatized, education,

0:15:42.480 --> 0:15:48.000
<v Speaker 1>housing market, getting a car, uh, healthcare that where we

0:15:48.040 --> 0:15:51.280
<v Speaker 1>will rely on like the we're like we as the needy,

0:15:51.440 --> 0:15:55.080
<v Speaker 1>like rely on nonprofits, like oh may I have some

0:15:55.160 --> 0:15:58.760
<v Speaker 1>more please, like for the food banks and the diaper

0:15:58.840 --> 0:16:02.480
<v Speaker 1>banks and the job skills training and the the homeless

0:16:02.520 --> 0:16:07.080
<v Speaker 1>shelters when it's not really like organizing us to push

0:16:07.120 --> 0:16:09.960
<v Speaker 1>back on the fact that it's just really a rich,

0:16:10.000 --> 0:16:13.240
<v Speaker 1>greedy fox are the reason why we don't don't have

0:16:13.720 --> 0:16:18.720
<v Speaker 1>in the first place. Yea, for whatever reason. I don't

0:16:18.720 --> 0:16:21.480
<v Speaker 1>know why. But the part where he's like, but woman,

0:16:21.520 --> 0:16:24.640
<v Speaker 1>you're my comrade, ride or die and the revolution making

0:16:24.760 --> 0:16:26.880
<v Speaker 1>other earth standing with me in the grocery line, I

0:16:26.880 --> 0:16:29.760
<v Speaker 1>don't know why. I just love that you're my comrade part.

0:16:29.880 --> 0:16:32.880
<v Speaker 1>Just with the the whole tone of the song, it

0:16:32.960 --> 0:16:36.000
<v Speaker 1>just kind of gives it like this sort of socialist flare.

0:16:36.080 --> 0:16:38.560
<v Speaker 1>This is like, I don't know if that's what you've

0:16:38.560 --> 0:16:40.120
<v Speaker 1>been by it, but I'm gonna take it. I'm gonna

0:16:40.120 --> 0:16:44.000
<v Speaker 1>take it. Just another observation about the song. This is

0:16:44.040 --> 0:16:46.880
<v Speaker 1>definitely one of those sort of songs and you probably

0:16:46.880 --> 0:16:48.840
<v Speaker 1>could hear it when you heard the little snippet, but

0:16:49.640 --> 0:16:53.040
<v Speaker 1>it's like, if you put it on, it's definitely something

0:16:53.080 --> 0:16:55.880
<v Speaker 1>that could just be on and you would wouldn't even

0:16:55.920 --> 0:16:58.360
<v Speaker 1>think twice about what it's about. You just kind of

0:16:58.640 --> 0:17:02.280
<v Speaker 1>that's a pleasant song. Samples and the dramatics like like

0:17:02.320 --> 0:17:04.440
<v Speaker 1>that but then it's one of those ones were upon

0:17:04.640 --> 0:17:07.320
<v Speaker 1>closer listening, you're like, oh, ship this is about Then

0:17:07.320 --> 0:17:11.919
<v Speaker 1>what's the name of this that mass political, educational potential

0:17:12.080 --> 0:17:14.680
<v Speaker 1>of hip hop? Or you just put the song on

0:17:14.960 --> 0:17:17.920
<v Speaker 1>maybe twenty times in the car, then it like gradually

0:17:18.000 --> 0:17:22.320
<v Speaker 1>radicalizes you just slowly. Yeah. Then we got New York

0:17:22.440 --> 0:17:26.320
<v Speaker 1>rappers Sammy's with Schools Out. A lot of rappers touch

0:17:26.400 --> 0:17:28.720
<v Speaker 1>on particularly issue of student loans. I feel like a

0:17:28.760 --> 0:17:31.240
<v Speaker 1>lot of like the post hip hop generation, not the

0:17:31.280 --> 0:17:33.080
<v Speaker 1>first people to grow up with hip hop, but like

0:17:33.119 --> 0:17:35.280
<v Speaker 1>the second generation of people grow up with hip hop.

0:17:35.800 --> 0:17:39.480
<v Speaker 1>A lot of us grew up, we graduated into a

0:17:39.600 --> 0:17:42.520
<v Speaker 1>recession where it's become difficult to make those payments on

0:17:42.560 --> 0:17:47.320
<v Speaker 1>the education we just received. Um. And so SAMs is

0:17:47.400 --> 0:17:50.920
<v Speaker 1>one of many rappers that touches on the money that

0:17:51.000 --> 0:17:56.560
<v Speaker 1>we all fucking Oh Sally, may students tap for another

0:17:56.680 --> 0:17:59.800
<v Speaker 1>year at a name at home need to sneak around

0:18:00.000 --> 0:18:03.040
<v Speaker 1>in the middle, Like you were talking about the generational

0:18:03.200 --> 0:18:06.960
<v Speaker 1>divide in how we perceived debt to be and in

0:18:07.000 --> 0:18:09.640
<v Speaker 1>her in the beginning of a verse, she was mentioning

0:18:10.000 --> 0:18:12.679
<v Speaker 1>living at home with your parents because of student loans,

0:18:12.720 --> 0:18:16.879
<v Speaker 1>and that's kind of something that I think is you know,

0:18:17.000 --> 0:18:20.520
<v Speaker 1>for people in our generation, is a lot more of

0:18:20.560 --> 0:18:24.400
<v Speaker 1>a common theme and feeling like, I know, like my parents,

0:18:24.600 --> 0:18:28.880
<v Speaker 1>Like the notion of oh, someone who's a grown man

0:18:29.000 --> 0:18:32.160
<v Speaker 1>or woman moving back in with their parents still has

0:18:32.200 --> 0:18:35.600
<v Speaker 1>a certain taboo to it, whereas for our generations, like, yo,

0:18:35.800 --> 0:18:38.000
<v Speaker 1>you know how many bills we got, Like that just

0:18:38.119 --> 0:18:41.120
<v Speaker 1>might be the necessity of hell bills our parents got

0:18:41.160 --> 0:18:43.880
<v Speaker 1>and they're like, hey, why don't you stay living at

0:18:43.880 --> 0:18:46.200
<v Speaker 1>home with me? She later in the song talks about

0:18:46.240 --> 0:18:48.639
<v Speaker 1>how she had to buy a new MacBook and like

0:18:48.760 --> 0:18:52.400
<v Speaker 1>the need to like have access to really expensive technology

0:18:52.560 --> 0:18:56.440
<v Speaker 1>just to like access to your access to your workforce,

0:18:56.560 --> 0:19:01.040
<v Speaker 1>access to your schooling right now, etcetera. And so it's

0:19:01.080 --> 0:19:04.560
<v Speaker 1>like so many bills following up in addition to as

0:19:04.600 --> 0:19:07.760
<v Speaker 1>she references just purely what you got to pay to

0:19:08.400 --> 0:19:11.639
<v Speaker 1>get your credit hours and build up your network to

0:19:12.840 --> 0:19:14.719
<v Speaker 1>try to get a good job when you get out

0:19:14.720 --> 0:19:19.440
<v Speaker 1>of school. You mentioned how she references Sally May, which

0:19:19.520 --> 0:19:24.080
<v Speaker 1>is a common reference in hip hop. Very yeah. So

0:19:24.320 --> 0:19:29.720
<v Speaker 1>from Rhapsody to oil A Deonte Hitchcock, Big Cred Corday

0:19:29.760 --> 0:19:32.600
<v Speaker 1>all over the place. In fact, in Corday has been around,

0:19:33.480 --> 0:19:36.320
<v Speaker 1>uh he has. He does this interesting thing where he

0:19:36.440 --> 0:19:39.080
<v Speaker 1>sort of he's like sort of just like Braggadoccio, a rhyman.

0:19:39.160 --> 0:19:41.280
<v Speaker 1>But then he has this moment where he jumps back

0:19:41.760 --> 0:19:45.040
<v Speaker 1>to like seeing I think in the I pertect, I

0:19:45.160 --> 0:19:49.159
<v Speaker 1>interpreted it as the perspective of a fan. Although it

0:19:49.240 --> 0:19:51.880
<v Speaker 1>might seem so bittersweet when you ain nothing to eat

0:19:51.880 --> 0:19:53.560
<v Speaker 1>and Sally may call him a phone for like the

0:19:53.560 --> 0:19:55.879
<v Speaker 1>fifth time this week and all your bills are overdue,

0:19:56.280 --> 0:19:58.880
<v Speaker 1>Like I know, we stop talking about himself there, let's

0:19:58.920 --> 0:20:01.040
<v Speaker 1>hear that. It's like, yeah, that's the sting would seem

0:20:01.480 --> 0:20:04.360
<v Speaker 1>a sweet you ain't got nothing to eat, Sally make

0:20:04.440 --> 0:20:07.320
<v Speaker 1>call your phone for Like the fib I misinterpreted that

0:20:07.440 --> 0:20:10.240
<v Speaker 1>maybe it is talking about himself. I mean, it sounds

0:20:10.240 --> 0:20:11.880
<v Speaker 1>like he's talking about himself. But I mean, even if

0:20:11.880 --> 0:20:15.160
<v Speaker 1>it isn't, it's kind of like a universal feeling. I mean,

0:20:15.200 --> 0:20:18.000
<v Speaker 1>it's it's like you're saying, everybody has that feeling. It

0:20:18.040 --> 0:20:20.280
<v Speaker 1>could be he knows somebody and he's just drawing from

0:20:20.359 --> 0:20:24.880
<v Speaker 1>somebody else's experience, but either way, it it totally makes

0:20:24.920 --> 0:20:28.320
<v Speaker 1>sense with who he is being. Yea, it's got that

0:20:28.359 --> 0:20:31.080
<v Speaker 1>kind of like backpack realness. I feel like backpackers are

0:20:31.160 --> 0:20:33.800
<v Speaker 1>like a little more straight up about like he yo,

0:20:34.359 --> 0:20:38.880
<v Speaker 1>I'm working on a dairy quean. Well, yeah, I mean

0:20:38.920 --> 0:20:43.960
<v Speaker 1>the backpack or indie aesthetic is kind of geared around

0:20:44.760 --> 0:20:48.639
<v Speaker 1>just being more earnest and realistic with what your circumstances

0:20:48.680 --> 0:20:52.239
<v Speaker 1>are as far as what you draw from to, you know,

0:20:53.080 --> 0:20:56.200
<v Speaker 1>to inspire you to write your rhymes and stuff like that.

0:20:56.840 --> 0:21:01.679
<v Speaker 1>So Lacoari has a similarly like, uh, how should I

0:21:01.720 --> 0:21:06.120
<v Speaker 1>say this, like pensive vibe on this song. Well, let's

0:21:06.119 --> 0:21:08.600
<v Speaker 1>listen to it first. This is always new by La

0:21:08.680 --> 0:21:12.320
<v Speaker 1>Craz professes couple of thousands and graduated in recession. Sadly

0:21:12.400 --> 0:21:15.320
<v Speaker 1>may just want to check it, expressing us it's on

0:21:15.359 --> 0:21:17.719
<v Speaker 1>a tree now, I'm in a session. The very thing

0:21:17.800 --> 0:21:20.520
<v Speaker 1>I'm talking about, like this debate about whether or not

0:21:20.680 --> 0:21:22.760
<v Speaker 1>we should go to school and try to get an education.

0:21:23.000 --> 0:21:25.840
<v Speaker 1>It's like worth it. We never saw ourselves there, we go,

0:21:26.520 --> 0:21:30.120
<v Speaker 1>we leave thousands and debts. How it may is calling

0:21:30.440 --> 0:21:34.120
<v Speaker 1>stressing out and then chasing music as like the way

0:21:34.200 --> 0:21:37.919
<v Speaker 1>to finally make it out of this situation, even if

0:21:38.000 --> 0:21:43.200
<v Speaker 1>not even necessarily that is, uh, how having the chain

0:21:43.600 --> 0:21:47.600
<v Speaker 1>of something like you're the debt of getting your education.

0:21:47.720 --> 0:21:50.399
<v Speaker 1>How that can prevent you from pursuing things that you

0:21:50.640 --> 0:21:52.560
<v Speaker 1>would rather be pursuing, you know what I'm saying. So,

0:21:52.640 --> 0:21:56.520
<v Speaker 1>I mean, whether that be music or maybe whatever, you know,

0:21:56.680 --> 0:21:58.840
<v Speaker 1>it's just it's it's a fucking burden. It's a it's

0:21:58.880 --> 0:22:00.720
<v Speaker 1>another thing you have to do, you because it's like,

0:22:03.320 --> 0:22:06.639
<v Speaker 1>I know, I know cats who who were trying to

0:22:06.720 --> 0:22:11.320
<v Speaker 1>do their art but did the full Monty full ride

0:22:11.359 --> 0:22:15.760
<v Speaker 1>through school, you know, and getting out. It's like they

0:22:15.800 --> 0:22:18.440
<v Speaker 1>don't really have time to funk around. They gotta immediately

0:22:18.560 --> 0:22:22.840
<v Speaker 1>start paying that ship back. So like pursuing something fun,

0:22:23.560 --> 0:22:26.359
<v Speaker 1>you know, it's not necessarily in the cards anymore. So

0:22:26.440 --> 0:22:28.560
<v Speaker 1>we got another song that's kind of actually fun in

0:22:28.600 --> 0:22:34.800
<v Speaker 1>celebratory in that the the protagonist uh is really excited

0:22:34.800 --> 0:22:38.359
<v Speaker 1>about having paid off Sally May. And this is Sally

0:22:38.440 --> 0:22:48.600
<v Speaker 1>made Back by Do You Want the White Lady? Yeah,

0:22:49.359 --> 0:22:52.880
<v Speaker 1>So I really love that Sally May And this music

0:22:52.960 --> 0:22:57.560
<v Speaker 1>video it's depicted as the stern, older, suburban looking woman

0:22:58.040 --> 0:23:02.560
<v Speaker 1>black nails, which oh fucking funny, because that's absolutely how

0:23:02.600 --> 0:23:05.600
<v Speaker 1>I picture Sally May office before I got it in

0:23:05.720 --> 0:23:09.040
<v Speaker 1>my mind, as like a sufficient enough adult to realize

0:23:09.080 --> 0:23:12.480
<v Speaker 1>like Sally May wasn't like a living person to like,

0:23:12.680 --> 0:23:15.560
<v Speaker 1>we know money. I was like, oh man, this fucking

0:23:15.640 --> 0:23:18.880
<v Speaker 1>pitch while he has like an ascot. So the next

0:23:18.960 --> 0:23:23.600
<v Speaker 1>song that we got is World, World, Let's go a

0:23:23.640 --> 0:23:26.040
<v Speaker 1>little Sally May reference that. I think it's energy we

0:23:26.200 --> 0:23:30.119
<v Speaker 1>need to keep regarding our debts in the spirit of

0:23:30.200 --> 0:23:33.520
<v Speaker 1>the de collective. So when he says he talks about,

0:23:33.680 --> 0:23:35.520
<v Speaker 1>you know, making a lot of money off of shows,

0:23:36.520 --> 0:23:39.399
<v Speaker 1>maybe then I could pick Sali mate, So I'll be

0:23:39.560 --> 0:23:45.920
<v Speaker 1>dealing with some real like we're not. So that's the

0:23:46.040 --> 0:23:48.200
<v Speaker 1>energy that we need for the same energy be we'll

0:23:48.320 --> 0:24:04.879
<v Speaker 1>keep for our landlords. I am so excited today to

0:24:05.000 --> 0:24:11.640
<v Speaker 1>be talking to Astra Taylor, author, organizer, documentarian, and fellow

0:24:11.800 --> 0:24:15.840
<v Speaker 1>former Athenian, which I think is actually how I came

0:24:15.920 --> 0:24:19.479
<v Speaker 1>to know about your work. I was at the Nation

0:24:19.600 --> 0:24:23.520
<v Speaker 1>offices in Manhattan in two thousand eighteen, uh meeting with

0:24:23.600 --> 0:24:27.480
<v Speaker 1>their editorial board, and upon leaving, they said, oh, we

0:24:27.640 --> 0:24:30.520
<v Speaker 1>have this book from this woman from Athens that we

0:24:30.640 --> 0:24:33.200
<v Speaker 1>want to give you as a gift, and it was

0:24:33.359 --> 0:24:38.040
<v Speaker 1>democracy may not exist, but we'll miss it when it's gone.

0:24:38.440 --> 0:24:40.800
<v Speaker 1>I all of a said, needed when it's gone, which

0:24:40.920 --> 0:24:45.600
<v Speaker 1>is not wrong, but UM, And so I took it

0:24:45.720 --> 0:24:47.959
<v Speaker 1>home with me and I put it on my bookshelf.

0:24:48.240 --> 0:24:51.480
<v Speaker 1>And it was a couple of months later that I

0:24:52.320 --> 0:24:57.879
<v Speaker 1>was switching medications under the orders of my psychiatrists and

0:24:58.040 --> 0:25:05.200
<v Speaker 1>had like a suicidal like break essentially, and I was

0:25:05.320 --> 0:25:09.560
<v Speaker 1>sent to a hospital and they allowed me to bring

0:25:09.640 --> 0:25:12.600
<v Speaker 1>a book, but they had to be softcover. So I

0:25:12.720 --> 0:25:14.920
<v Speaker 1>sent my mom to the house. I was like, find

0:25:15.000 --> 0:25:18.320
<v Speaker 1>me a softcover book to read while I'm in the

0:25:18.440 --> 0:25:22.120
<v Speaker 1>lunear bin, and she brought me. Democracy may not exist,

0:25:22.640 --> 0:25:25.080
<v Speaker 1>but won't miss it when it's gone. And so I

0:25:25.160 --> 0:25:27.480
<v Speaker 1>spent four days the only thing I could do was

0:25:27.680 --> 0:25:31.879
<v Speaker 1>read your book, UM, and it was transformative. It was

0:25:32.080 --> 0:25:36.080
<v Speaker 1>it was like my lifeline and otherwise cold and sterile

0:25:36.119 --> 0:25:40.119
<v Speaker 1>world for like four days. UM. And that brings us

0:25:40.160 --> 0:25:45.280
<v Speaker 1>to our topic of discussion today, because UM, I still

0:25:45.359 --> 0:25:49.159
<v Speaker 1>am in debt from being in the mental hospital. I

0:25:49.280 --> 0:25:53.080
<v Speaker 1>owe the hospital a couple of thousand dollars and they

0:25:53.160 --> 0:25:57.160
<v Speaker 1>called me and they send me mail and I am

0:25:57.280 --> 0:26:02.280
<v Speaker 1>not alone. And that I realized, especially through reading the

0:26:02.400 --> 0:26:05.920
<v Speaker 1>dec Collective's new book, I can't pay, won't pay. So

0:26:06.240 --> 0:26:09.399
<v Speaker 1>we're here today to talk about debt. How did we

0:26:09.560 --> 0:26:12.160
<v Speaker 1>get here with it? And what do we do now?

0:26:13.359 --> 0:26:16.720
<v Speaker 1>So if you could to start out with first, I

0:26:16.800 --> 0:26:19.240
<v Speaker 1>have to respond to that amazing introduction though, because I

0:26:19.280 --> 0:26:22.080
<v Speaker 1>think that was probably the most powerful introduction I've ever

0:26:22.200 --> 0:26:24.359
<v Speaker 1>been given. And I just want to say out of

0:26:24.359 --> 0:26:27.840
<v Speaker 1>the gate, the admiration is mutual. And one of the

0:26:28.160 --> 0:26:30.800
<v Speaker 1>wonders of the Internet, which brings many terrible things into

0:26:30.840 --> 0:26:33.600
<v Speaker 1>our lives, is that I've been able to watch Rise

0:26:33.720 --> 0:26:37.280
<v Speaker 1>rise and get to know her from afar uh. And

0:26:38.119 --> 0:26:41.359
<v Speaker 1>you know how much you captured to me the ideal

0:26:41.560 --> 0:26:44.160
<v Speaker 1>spirit of Athens, right, which is this town of creativity

0:26:44.240 --> 0:26:47.600
<v Speaker 1>and music that it's you know and um and enjoy,

0:26:48.080 --> 0:26:51.760
<v Speaker 1>but you know, it is also a community that you know,

0:26:52.200 --> 0:26:55.359
<v Speaker 1>I always felt really needed to be politicized and should

0:26:55.400 --> 0:26:58.520
<v Speaker 1>be more radical than I felt it was growing up there. Um.

0:26:58.560 --> 0:27:00.600
<v Speaker 1>So the fact you're bringing those two straight rounds together

0:27:01.040 --> 0:27:05.320
<v Speaker 1>is really, um just moving and important to me. And

0:27:05.720 --> 0:27:09.160
<v Speaker 1>your story about reading the book um again, the mental

0:27:09.240 --> 0:27:11.359
<v Speaker 1>hospital and it leaving you in debt is amazing. So

0:27:11.480 --> 0:27:13.640
<v Speaker 1>thank you to the nation editors my friends over there

0:27:13.840 --> 0:27:17.320
<v Speaker 1>for for giving it to you. Okay, so we're in

0:27:17.440 --> 0:27:21.240
<v Speaker 1>this debt based economy and just the way I look

0:27:21.280 --> 0:27:24.480
<v Speaker 1>at it is very few things are coincidences and very

0:27:24.520 --> 0:27:27.480
<v Speaker 1>few things are accidents. So it kind of tends, you know,

0:27:27.640 --> 0:27:30.840
<v Speaker 1>makes me believe that this all has a reason for it.

0:27:31.040 --> 0:27:34.280
<v Speaker 1>So why why is our economy structure this way? Why

0:27:34.320 --> 0:27:36.720
<v Speaker 1>are so many people in debt? I mean, it says

0:27:37.320 --> 0:27:40.480
<v Speaker 1>it says so much, right, it ties into the bigger

0:27:40.560 --> 0:27:43.840
<v Speaker 1>question about the debt based economy. We are in a

0:27:43.960 --> 0:27:48.359
<v Speaker 1>situation where as individuals, we have to debt finance what

0:27:48.480 --> 0:27:52.440
<v Speaker 1>should be our basic rights and our our basic entitlements.

0:27:53.200 --> 0:27:59.359
<v Speaker 1>You know, we shouldn't ever experience. Indebtedness is a consequence

0:27:59.440 --> 0:28:02.159
<v Speaker 1>of any sort of health crisis, whether it's a physical

0:28:02.200 --> 0:28:04.600
<v Speaker 1>health crisis or a mental health crisis. I mean, most

0:28:04.640 --> 0:28:10.000
<v Speaker 1>countries don't have medical debt. It doesn't exist because they

0:28:10.119 --> 0:28:14.359
<v Speaker 1>have universal healthcare. So and this is something that we

0:28:14.480 --> 0:28:17.480
<v Speaker 1>take for granted as a feature of American life. You know,

0:28:17.560 --> 0:28:20.439
<v Speaker 1>there's lots of research on this. You know, Bernie Sanders

0:28:20.480 --> 0:28:22.639
<v Speaker 1>on the campaign trail often, you know, made a lot

0:28:22.680 --> 0:28:24.600
<v Speaker 1>of noise about the fact that medical debt is the

0:28:24.680 --> 0:28:27.399
<v Speaker 1>number one cause of bankruptcy in the United States. It

0:28:27.600 --> 0:28:30.960
<v Speaker 1>is a leading driver of poverty in this country. It's

0:28:31.000 --> 0:28:32.920
<v Speaker 1>what tips people over the edge, the fact that something

0:28:32.960 --> 0:28:35.320
<v Speaker 1>happens you don't have control over, you know, and then

0:28:35.400 --> 0:28:38.600
<v Speaker 1>suddenly you're buried in debt and your your life. The

0:28:38.720 --> 0:28:41.840
<v Speaker 1>tenuous threads by what you're holding on fray and you know,

0:28:41.960 --> 0:28:46.040
<v Speaker 1>things fall apart and it's just you know, a moral outrage,

0:28:46.080 --> 0:28:49.320
<v Speaker 1>but it ties to these bigger dynamics. I mean, the

0:28:49.400 --> 0:28:51.760
<v Speaker 1>thing about debt, once you start kind of cracking it open,

0:28:51.960 --> 0:28:53.560
<v Speaker 1>is you can go all the way back like that

0:28:54.120 --> 0:28:59.040
<v Speaker 1>that precedes capitalism. That is a tool of domination and

0:28:59.120 --> 0:29:02.120
<v Speaker 1>oppression proceeds capitalism as we know it. So if you

0:29:02.160 --> 0:29:05.400
<v Speaker 1>go back to um, you know, ancient Greece, ancient Rome,

0:29:05.520 --> 0:29:08.320
<v Speaker 1>what you had was people being driven into debt by

0:29:08.360 --> 0:29:12.720
<v Speaker 1>the wealthy and then having to sell themselves into debt, slavery, debt, peonage.

0:29:13.560 --> 0:29:17.640
<v Speaker 1>So I mean, it's like a very ancient violent form

0:29:17.720 --> 0:29:21.600
<v Speaker 1>of economic control. UM. But it's really you know, it's

0:29:22.320 --> 0:29:26.600
<v Speaker 1>it's really essential to our our modern economy. And the

0:29:26.760 --> 0:29:28.920
<v Speaker 1>insight I think from the debt collective is just that

0:29:29.240 --> 0:29:33.440
<v Speaker 1>you know, we are as we move away from what limited,

0:29:33.560 --> 0:29:37.680
<v Speaker 1>imperfect welfare state supports we had in the twentieth century, right,

0:29:38.400 --> 0:29:40.560
<v Speaker 1>we're moving away from a welfare state to a debt

0:29:40.600 --> 0:29:43.040
<v Speaker 1>fair state. So a world in which we have to

0:29:43.760 --> 0:29:49.640
<v Speaker 1>take on the cost as individuals of uh provisioning for

0:29:49.720 --> 0:29:52.920
<v Speaker 1>ourselves through mechanisms of debt. What we should be entitled to,

0:29:53.080 --> 0:29:55.760
<v Speaker 1>so education, healthcare, housing, I think, which should be a

0:29:55.880 --> 0:29:59.920
<v Speaker 1>human right. UM, food, basic sustenance right. That's people are

0:30:00.040 --> 0:30:04.480
<v Speaker 1>putting their um, you know, their their food and basic

0:30:04.600 --> 0:30:07.400
<v Speaker 1>necessities on their credit cards around paiday loans, especially now

0:30:07.480 --> 0:30:10.480
<v Speaker 1>in the age of COVID, and so it's like and

0:30:10.600 --> 0:30:12.959
<v Speaker 1>basically people are getting robbed twice. You're underpaid at your

0:30:13.000 --> 0:30:16.120
<v Speaker 1>job if you have a job, and then you don't

0:30:16.120 --> 0:30:17.920
<v Speaker 1>make enough money, so then you have to borrow and

0:30:18.000 --> 0:30:21.240
<v Speaker 1>you end up paying interest in fees. And that's driving

0:30:21.320 --> 0:30:25.160
<v Speaker 1>the incredible unethical concentration of wealth and power in this country.

0:30:25.560 --> 0:30:30.520
<v Speaker 1>So it's a huge problem. And our principal and the

0:30:30.680 --> 0:30:32.520
<v Speaker 1>same I'm speaking as the Debt Collective, as a founder

0:30:32.560 --> 0:30:34.320
<v Speaker 1>of the Debt Collective, which is a union for debtors,

0:30:34.480 --> 0:30:38.360
<v Speaker 1>is that debtors have power. They're not utilizing that when

0:30:38.400 --> 0:30:41.200
<v Speaker 1>you say that they can't pay, won't pay um that

0:30:41.280 --> 0:30:44.719
<v Speaker 1>if we do that collectively, then actually what we can

0:30:44.760 --> 0:30:48.200
<v Speaker 1>do just as a labor union withholds its labors can

0:30:48.320 --> 0:30:53.280
<v Speaker 1>withhold their payments and exerts some countervailing force on the

0:30:53.320 --> 0:30:55.480
<v Speaker 1>powers that be. And you know, we're at a point

0:30:55.560 --> 0:30:57.840
<v Speaker 1>where we can't afford to leave power on the table.

0:30:59.280 --> 0:31:01.360
<v Speaker 1>So US talked a little bit about what the debt

0:31:01.400 --> 0:31:03.720
<v Speaker 1>collective is. Could you tell us where it came from?

0:31:04.960 --> 0:31:06.960
<v Speaker 1>I mean, it's one of these crazy things that only

0:31:07.080 --> 0:31:11.680
<v Speaker 1>happens in a collaborative setting, right. So when one thing

0:31:11.720 --> 0:31:13.680
<v Speaker 1>I say in the preface to the book, I wrote

0:31:13.720 --> 0:31:15.520
<v Speaker 1>the preface and then the rest of the book is

0:31:15.600 --> 0:31:20.080
<v Speaker 1>co authored, is that individually, not paying your loans isn't

0:31:20.080 --> 0:31:22.680
<v Speaker 1>a debt strike. Right. So I defaulted on my student

0:31:22.760 --> 0:31:26.080
<v Speaker 1>loans in two thousand and eight because I just didn't

0:31:26.160 --> 0:31:29.680
<v Speaker 1>have enough money to pay them. And so what happens.

0:31:30.240 --> 0:31:32.400
<v Speaker 1>I get a phone call from the collector and they say,

0:31:33.480 --> 0:31:36.000
<v Speaker 1>you know, hey, you haven't paid your loans and two

0:31:36.680 --> 0:31:39.080
<v Speaker 1>days so guess what, now you have more. So now

0:31:39.160 --> 0:31:41.880
<v Speaker 1>you have forty dollars and now your credits destroyed. And

0:31:42.720 --> 0:31:45.840
<v Speaker 1>you know, that wasn't a dead strike. That was that

0:31:46.080 --> 0:31:49.000
<v Speaker 1>was just you know, me, UM being unable to pay

0:31:49.160 --> 0:31:54.160
<v Speaker 1>and then being penalized. But that UM kind of precipitated

0:31:54.240 --> 0:31:57.160
<v Speaker 1>this political awakening. I mean I think I just thought, well, hey, like,

0:31:57.760 --> 0:32:00.040
<v Speaker 1>why do I have so much debt from going to it,

0:32:00.640 --> 0:32:04.240
<v Speaker 1>you know college anyway? And I really bristled. I felt like, Okay,

0:32:04.520 --> 0:32:06.240
<v Speaker 1>the fact I'm having to pay this for the next

0:32:06.280 --> 0:32:10.720
<v Speaker 1>three years is gonna constrain me. It's gonna make me

0:32:10.880 --> 0:32:13.440
<v Speaker 1>make choices I don't want to make. It's gonna control

0:32:13.520 --> 0:32:16.440
<v Speaker 1>my life, you know. And um, it's gonna be this

0:32:16.480 --> 0:32:18.400
<v Speaker 1>thing I'm always having to manage and worry about and

0:32:18.600 --> 0:32:21.320
<v Speaker 1>like and just work basically just to like pay this

0:32:21.800 --> 0:32:28.280
<v Speaker 1>inflating balloon of interests albatroz or something, you know. Um.

0:32:29.000 --> 0:32:30.920
<v Speaker 1>And so I think I was ready. It just took

0:32:31.440 --> 0:32:34.400
<v Speaker 1>it took me finding others before I could, you know,

0:32:35.280 --> 0:32:37.360
<v Speaker 1>begin on the path that led to the detllective. And

0:32:37.440 --> 0:32:39.200
<v Speaker 1>so what happened is in the early days of Occupy

0:32:39.240 --> 0:32:42.400
<v Speaker 1>Wall Street, I started collaborating with people. We realized that

0:32:42.520 --> 0:32:46.400
<v Speaker 1>indebtedness was something that we're was really galvanizing. It was

0:32:46.440 --> 0:32:48.960
<v Speaker 1>bringing people to the encampments, not just in New York

0:32:49.000 --> 0:32:52.560
<v Speaker 1>City where I was, but around the country. And one

0:32:53.080 --> 0:32:57.360
<v Speaker 1>person whose name is Thomas goki Um said this thing,

0:32:57.480 --> 0:33:01.600
<v Speaker 1>I vividly remember it because we were talking about, you know,

0:33:01.760 --> 0:33:03.920
<v Speaker 1>kind of what campaigns or actions we'd like to see

0:33:04.000 --> 0:33:06.479
<v Speaker 1>come out of the Octopills Street movement, and he said, unions,

0:33:06.600 --> 0:33:09.920
<v Speaker 1>debtors need to make unions just like they're labor unions.

0:33:10.640 --> 0:33:12.880
<v Speaker 1>And for me, it was like one of those moments

0:33:12.920 --> 0:33:14.520
<v Speaker 1>when a light bulb went off in my head, just

0:33:14.640 --> 0:33:16.760
<v Speaker 1>like in a cartoon, and I was like, whoa, you're right.

0:33:16.920 --> 0:33:21.240
<v Speaker 1>Like the model of unionization of like workers coming together

0:33:21.440 --> 0:33:26.800
<v Speaker 1>in the workplace to argue, uh argue, but to fight

0:33:26.960 --> 0:33:31.040
<v Speaker 1>for higher wages, benefits, more time off, right, that model

0:33:31.080 --> 0:33:34.480
<v Speaker 1>should be applied to other arenas of the economy. And

0:33:35.400 --> 0:33:37.960
<v Speaker 1>and it's true, like if we don't pay, they don't

0:33:38.000 --> 0:33:41.360
<v Speaker 1>get their money. And that's that's what they're banking on.

0:33:41.440 --> 0:33:44.440
<v Speaker 1>I mean, they've they've projected our future payments into their

0:33:44.960 --> 0:33:49.720
<v Speaker 1>you know revenue uh forecasts, right like they they need that.

0:33:49.920 --> 0:33:51.600
<v Speaker 1>And it flipped. What it did was it cause a

0:33:51.640 --> 0:33:55.520
<v Speaker 1>whole transformation of how I thought things. So suddenly my indebtedness,

0:33:55.640 --> 0:33:58.440
<v Speaker 1>instead of it just being this burden and this albatross,

0:33:58.560 --> 0:34:00.880
<v Speaker 1>I realized that it was actually some one else's profit

0:34:01.920 --> 0:34:04.480
<v Speaker 1>that every payment I was making month after month after month,

0:34:04.840 --> 0:34:07.360
<v Speaker 1>I was paying more than the original principle, the original

0:34:07.360 --> 0:34:10.440
<v Speaker 1>amount of world, because that's profit for someone else. So

0:34:10.520 --> 0:34:13.319
<v Speaker 1>I started to see the way our collective debts are

0:34:13.320 --> 0:34:18.200
<v Speaker 1>an asset of the ruling class, but then also an

0:34:18.280 --> 0:34:21.920
<v Speaker 1>asset that we could leverage to demand change and demand

0:34:22.360 --> 0:34:25.520
<v Speaker 1>the abolition of debts, but also the provision of public goods.

0:34:25.560 --> 0:34:27.840
<v Speaker 1>In other words, give us that universal healthcare so we

0:34:27.880 --> 0:34:30.600
<v Speaker 1>don't have medical debt, give us the universal education so

0:34:30.760 --> 0:34:33.399
<v Speaker 1>we don't have to have student loans. And I think

0:34:33.600 --> 0:34:36.200
<v Speaker 1>give us social housing because we shouldn't have to live

0:34:36.280 --> 0:34:41.600
<v Speaker 1>in a commodity. And you know, give people the um

0:34:42.000 --> 0:34:44.919
<v Speaker 1>goods and services that they need to live dignified lives.

0:34:44.960 --> 0:34:48.600
<v Speaker 1>I mean, you know, I'm I'm for mass decommodification of

0:34:49.760 --> 0:34:54.239
<v Speaker 1>basically everything. Yeah, but I think I mean on the

0:34:54.360 --> 0:34:57.839
<v Speaker 1>front of like where does it come from? I mean,

0:34:57.880 --> 0:34:59.440
<v Speaker 1>I don't know. Growing up in Athens to you know,

0:34:59.520 --> 0:35:03.080
<v Speaker 1>my parents were like always, you know, on the brink

0:35:03.320 --> 0:35:06.960
<v Speaker 1>of economic catastrophe. Even though my dad was a professor.

0:35:07.200 --> 0:35:10.360
<v Speaker 1>They they declared bankruptcy when I was a teenager. My

0:35:10.480 --> 0:35:12.800
<v Speaker 1>dad had tons and tons of student loans, you know

0:35:12.880 --> 0:35:15.439
<v Speaker 1>that he was just paying off like far far into

0:35:15.560 --> 0:35:18.719
<v Speaker 1>his career. There, my mom was just recounting how we

0:35:18.800 --> 0:35:22.040
<v Speaker 1>used to go out to the mall on like Atlanta Highway.

0:35:22.160 --> 0:35:24.719
<v Speaker 1>I guess it's college, Yeah, and eat at this one

0:35:25.080 --> 0:35:27.279
<v Speaker 1>terrible restaurant. I never knew why we would go there

0:35:27.320 --> 0:35:28.920
<v Speaker 1>at the end of the month, Like it was horrible,

0:35:28.960 --> 0:35:30.160
<v Speaker 1>and she was like, because it was like the one

0:35:30.200 --> 0:35:32.279
<v Speaker 1>place that took this one credit card, you know. So

0:35:32.360 --> 0:35:36.680
<v Speaker 1>I think there was this sense, like I think I

0:35:36.800 --> 0:35:40.520
<v Speaker 1>just had this sense that, you know, something wasn't working

0:35:40.600 --> 0:35:44.240
<v Speaker 1>with this system. It's like, you know, if you're somebody's

0:35:44.280 --> 0:35:47.319
<v Speaker 1>gonna work a full time job, they should at least

0:35:47.320 --> 0:35:49.400
<v Speaker 1>to be able to make it to the end of

0:35:49.480 --> 0:35:53.359
<v Speaker 1>the month, you know. Um, so yeah, you're saying kind

0:35:53.400 --> 0:35:55.840
<v Speaker 1>of like Occupy Wall Street was kind of going on

0:35:55.960 --> 0:35:59.600
<v Speaker 1>around like the inception of the debt collective. So I

0:35:59.719 --> 0:36:04.960
<v Speaker 1>was wondering, Um, what do you think is like if

0:36:05.000 --> 0:36:08.840
<v Speaker 1>you could pinpoint any particular public policy that's led us

0:36:08.880 --> 0:36:12.560
<v Speaker 1>to this moment in the debt crisis, Like, I mean,

0:36:12.760 --> 0:36:16.480
<v Speaker 1>obviously we know Corona is is, you know, doing what

0:36:16.600 --> 0:36:19.560
<v Speaker 1>it's doing to the economy, But we were in a

0:36:19.600 --> 0:36:23.719
<v Speaker 1>bubble before Corona happened, you know. It was looking kind

0:36:23.760 --> 0:36:27.440
<v Speaker 1>of timid before that. But what what what condition led

0:36:27.560 --> 0:36:29.120
<v Speaker 1>us to to being in this is it? Is it

0:36:29.239 --> 0:36:31.520
<v Speaker 1>merely just the people at the top want to grab

0:36:31.600 --> 0:36:35.440
<v Speaker 1>power or is it more just individual systems that kind

0:36:35.440 --> 0:36:38.120
<v Speaker 1>of add up to being this monster that it is

0:36:38.200 --> 0:36:43.919
<v Speaker 1>where everyone's in debt. I mean, it's a complex array

0:36:43.960 --> 0:36:48.400
<v Speaker 1>of forces got us here. And I think you you know,

0:36:48.440 --> 0:36:50.680
<v Speaker 1>in a really expansive sense, we have to look back

0:36:50.800 --> 0:36:54.640
<v Speaker 1>and look at the history of capitalism, especially you know,

0:36:54.719 --> 0:36:57.400
<v Speaker 1>what we would call the history of racial capitalism, and

0:36:57.520 --> 0:37:02.600
<v Speaker 1>look at the way debt and credit have played out politically.

0:37:02.719 --> 0:37:06.839
<v Speaker 1>So if you go back to, you know, the sort

0:37:06.880 --> 0:37:09.440
<v Speaker 1>of golden age of American capitalism in the mid twentieth

0:37:09.480 --> 0:37:15.240
<v Speaker 1>century and look at how the middle class was formed,

0:37:15.400 --> 0:37:18.279
<v Speaker 1>you know, it was we the white middle class was

0:37:18.400 --> 0:37:22.800
<v Speaker 1>formed because there was easy access to government subsidized credit

0:37:22.960 --> 0:37:26.719
<v Speaker 1>in the form of government backed mortgages. Right that a

0:37:26.880 --> 0:37:30.400
<v Speaker 1>program of giving a certain community, a racialized community, access

0:37:30.480 --> 0:37:33.720
<v Speaker 1>to credit on fair terms is what sort of built

0:37:34.360 --> 0:37:37.200
<v Speaker 1>that the sort of cliche of the American dream for

0:37:37.239 --> 0:37:39.600
<v Speaker 1>a certain set of people, and it was very exclusionary.

0:37:39.719 --> 0:37:46.240
<v Speaker 1>So I think something like or of betterly secured mortgages

0:37:46.239 --> 0:37:52.879
<v Speaker 1>in that period went to white patriarchal you know last

0:37:52.960 --> 0:37:56.600
<v Speaker 1>on last week's episode, and so access to credit, you know,

0:37:57.400 --> 0:38:01.000
<v Speaker 1>has um access to credit, then the inverse, which is

0:38:01.040 --> 0:38:05.040
<v Speaker 1>denial of predator redlining or or predatory lending, you know,

0:38:05.120 --> 0:38:11.160
<v Speaker 1>have created this unequal, the unequal, racialized economy that we

0:38:11.280 --> 0:38:14.480
<v Speaker 1>live in today. And so I think it's important to

0:38:14.520 --> 0:38:17.960
<v Speaker 1>put that twentieth century history like sort of as the foundation,

0:38:18.160 --> 0:38:19.920
<v Speaker 1>even though we could go further back, right, we can go,

0:38:20.800 --> 0:38:23.960
<v Speaker 1>we can go back to the abolition of slavery and

0:38:24.080 --> 0:38:27.080
<v Speaker 1>the fact that you know, formerly slave people, then the

0:38:27.480 --> 0:38:31.560
<v Speaker 1>dominant economic relationship with sharecropping, pen and farming, right and

0:38:31.800 --> 0:38:36.719
<v Speaker 1>and in debt there as a form of of suppression

0:38:37.200 --> 0:38:45.759
<v Speaker 1>of the drive for you know, true egalitarian democracy. So

0:38:46.360 --> 0:38:48.719
<v Speaker 1>but in the seventies, something definitely happened, you know, and

0:38:49.080 --> 0:38:54.000
<v Speaker 1>scholars talk about neoliberalism, we talk about financialization, but basically,

0:38:54.200 --> 0:38:56.920
<v Speaker 1>you know, what happened was the ruling class went on

0:38:57.000 --> 0:39:01.000
<v Speaker 1>a war with the welfare state, you know, and wages,

0:39:01.920 --> 0:39:06.000
<v Speaker 1>wages were suppressed. And what happened is we cover that

0:39:06.120 --> 0:39:09.160
<v Speaker 1>up by giving people access to credit. You know, That's

0:39:09.239 --> 0:39:12.719
<v Speaker 1>that's when people started having credit cards. Um, that's when

0:39:13.040 --> 0:39:17.640
<v Speaker 1>tuition became more common at public universities. People started you know,

0:39:17.760 --> 0:39:20.600
<v Speaker 1>taking on debt to go to college. And so, you know,

0:39:20.640 --> 0:39:23.760
<v Speaker 1>there was like an economic shift that's not just one policy,

0:39:23.880 --> 0:39:27.719
<v Speaker 1>but it was kind of reorganization of the economy that

0:39:27.920 --> 0:39:32.759
<v Speaker 1>diminished the state, that um short of corporate power, that

0:39:33.320 --> 0:39:37.680
<v Speaker 1>covered up inequities with credit. And now we're you know,

0:39:38.040 --> 0:39:43.560
<v Speaker 1>in a situation where that system is kind of yeah,

0:39:43.640 --> 0:39:47.120
<v Speaker 1>well that system is dominant. But then with COVID, it's like,

0:39:48.440 --> 0:39:52.919
<v Speaker 1>you know, incredibly disastrous because you know, when people can't

0:39:53.000 --> 0:39:55.359
<v Speaker 1>when people don't have paychecks, when they don't have when

0:39:55.400 --> 0:39:59.200
<v Speaker 1>they're unemployment, benefits dry up, like you're just gonna have

0:39:59.480 --> 0:40:03.920
<v Speaker 1>mass delinquency, mass default, and you know, debt and despair

0:40:04.040 --> 0:40:06.480
<v Speaker 1>as a consequence. And it's like, so we are living

0:40:06.560 --> 0:40:10.399
<v Speaker 1>in a moment of record consumer debt. I mean it's

0:40:10.520 --> 0:40:14.759
<v Speaker 1>something like fourteen trillion dollars and that's a symptom of

0:40:14.920 --> 0:40:18.279
<v Speaker 1>just the mal distribution of wealth in this country. It's like,

0:40:19.000 --> 0:40:21.960
<v Speaker 1>so you have people who just dream of literally like

0:40:22.280 --> 0:40:25.520
<v Speaker 1>we the average you know, American now just dreams of

0:40:25.560 --> 0:40:27.960
<v Speaker 1>having zero dollars, Like, oh my god, if I could

0:40:28.000 --> 0:40:31.120
<v Speaker 1>just have zero and not negative, that would be awesome.

0:40:31.880 --> 0:40:35.320
<v Speaker 1>And meanwhile, you have you know, these billionaires like Jeff Bezos,

0:40:35.320 --> 0:40:36.880
<v Speaker 1>who's really just like, you know what, I dream of

0:40:36.960 --> 0:40:40.040
<v Speaker 1>a trillion dollars and he's almost sucking there, Like he's

0:40:40.040 --> 0:40:42.840
<v Speaker 1>almost there. But I think that the depth of this

0:40:43.040 --> 0:40:49.080
<v Speaker 1>model of debt financing UM is, you know, it sort

0:40:49.080 --> 0:40:51.239
<v Speaker 1>of knows no bounds. I mean, one thing we talk

0:40:51.320 --> 0:40:53.200
<v Speaker 1>a lot about in the book and are working at

0:40:53.440 --> 0:40:56.040
<v Speaker 1>more as as the decllective is the fact that you know,

0:40:56.160 --> 0:40:59.040
<v Speaker 1>people go into debt for their own incarceration, right, and

0:40:59.120 --> 0:41:02.160
<v Speaker 1>that connects with this larger moment where people are discussing

0:41:02.160 --> 0:41:06.880
<v Speaker 1>because an abolition and you know, our criminal injustice system

0:41:07.080 --> 0:41:08.800
<v Speaker 1>or whatever we want to call it. But you know,

0:41:08.880 --> 0:41:13.200
<v Speaker 1>the fact is people have to take on debt to

0:41:13.360 --> 0:41:17.120
<v Speaker 1>pay cash bail. So often you know, it's not cash bail,

0:41:17.160 --> 0:41:19.799
<v Speaker 1>it's credit fail. So people's family members and loved ones

0:41:19.880 --> 0:41:23.319
<v Speaker 1>end up um going into debt to get people out

0:41:23.360 --> 0:41:25.880
<v Speaker 1>of people they love, out of cages. The average bail

0:41:25.920 --> 0:41:28.880
<v Speaker 1>debt in California's fifty dollars, you know, and often you

0:41:29.000 --> 0:41:31.400
<v Speaker 1>have to have that even if you're found not guilty

0:41:31.480 --> 0:41:36.680
<v Speaker 1>and you're the charges are UM, you know, charges are dismissed,

0:41:37.239 --> 0:41:39.839
<v Speaker 1>people have to pay for probation. I mean, so it's

0:41:40.000 --> 0:41:43.160
<v Speaker 1>this insidious model that's in its tendrils are in you know,

0:41:43.280 --> 0:41:48.160
<v Speaker 1>all aspects of our life, and it is ultimately is

0:41:48.200 --> 0:41:52.000
<v Speaker 1>a way of it's a form of just allowing people

0:41:52.040 --> 0:41:56.080
<v Speaker 1>who are already rich to extract more. And that's the

0:41:56.200 --> 0:41:59.120
<v Speaker 1>thing we're trying to We're trying to like get people

0:41:59.200 --> 0:42:02.560
<v Speaker 1>to see the economy in this way as to de

0:42:02.800 --> 0:42:08.879
<v Speaker 1>naturalize debt and ask, you know, why it's so omnipresent

0:42:09.040 --> 0:42:11.759
<v Speaker 1>and whose interests it serves Because we're told this lie

0:42:11.840 --> 0:42:14.680
<v Speaker 1>that we take it on ourselves, and we take that

0:42:14.800 --> 0:42:17.360
<v Speaker 1>risk on so we can better ourselves and better a future.

0:42:17.440 --> 0:42:18.719
<v Speaker 1>And I think we want to say no, it's it's

0:42:18.760 --> 0:42:21.480
<v Speaker 1>imposed on us, and it's a form of control, and

0:42:21.560 --> 0:42:25.240
<v Speaker 1>it's a form of um enriched. It's it's a means

0:42:25.360 --> 0:42:29.000
<v Speaker 1>of enriching those who are already in a position, um

0:42:29.600 --> 0:42:33.640
<v Speaker 1>you know, already who already have the upper hand. Yeah,

0:42:34.040 --> 0:42:36.200
<v Speaker 1>So talk to us if you get a little bit

0:42:36.280 --> 0:42:39.080
<v Speaker 1>about the impacts of debt or organizing to date and

0:42:39.160 --> 0:42:41.560
<v Speaker 1>some of what you hope it can achieve. Pretty rearly

0:42:41.600 --> 0:42:45.440
<v Speaker 1>interested in like y'all have scored some some wins already

0:42:45.640 --> 0:42:48.520
<v Speaker 1>and then you know a few years since this got

0:42:48.600 --> 0:42:51.839
<v Speaker 1>off the ground. Yeah, So the idea of this idea

0:42:51.840 --> 0:42:55.160
<v Speaker 1>of the decollective and as as a union, um, you know,

0:42:55.239 --> 0:42:58.960
<v Speaker 1>we tried to see if that concept would actually take off.

0:42:59.200 --> 0:43:02.600
<v Speaker 1>So we launched what we call sort of our pilot

0:43:02.640 --> 0:43:06.359
<v Speaker 1>Debtors Union in two thousand fifteen, and basically we made

0:43:06.400 --> 0:43:09.719
<v Speaker 1>contact with students who had gone to one of the

0:43:09.800 --> 0:43:12.920
<v Speaker 1>big for profit college chains, so people probably know like

0:43:13.040 --> 0:43:15.640
<v Speaker 1>University of Phoenix and I T. T. Tech. It was

0:43:15.719 --> 0:43:19.239
<v Speaker 1>one of those companies. It was called Corinthian Colleges. They've

0:43:19.280 --> 0:43:22.200
<v Speaker 1>been totally like lied to, defrauded. So they went to

0:43:22.320 --> 0:43:24.920
<v Speaker 1>these vocational programs and came out of them with like

0:43:25.000 --> 0:43:29.120
<v Speaker 1>seventy thousand dollars a hundred thousand dollars hundred fifty thousand

0:43:29.120 --> 0:43:31.759
<v Speaker 1>dollars of debt, and you know, and their resumes were

0:43:31.840 --> 0:43:36.360
<v Speaker 1>laughed at um and the abuses of these companies was

0:43:36.440 --> 0:43:39.799
<v Speaker 1>well documented. The thing. The thing is that for profit

0:43:39.880 --> 0:43:41.719
<v Speaker 1>colleges on the back end, like if you have a

0:43:41.719 --> 0:43:44.240
<v Speaker 1>student loan, whether it's from University of Phoenix or Harvard,

0:43:44.320 --> 0:43:49.040
<v Speaker 1>it's the same financial it's the same financial structure leading

0:43:49.120 --> 0:43:52.719
<v Speaker 1>straight to the Department of Education, right, so you're you know,

0:43:52.840 --> 0:43:56.000
<v Speaker 1>one degree might be fancy and get you access, and

0:43:56.120 --> 0:44:00.600
<v Speaker 1>one degree might be kind of risible, but the the money,

0:44:00.800 --> 0:44:05.200
<v Speaker 1>the system that matters is all the same and and

0:44:05.800 --> 0:44:08.800
<v Speaker 1>you know, so that's ultimately what we're targeting. But basically,

0:44:09.160 --> 0:44:12.520
<v Speaker 1>we organized the first ever student debt strike. It began

0:44:12.600 --> 0:44:16.680
<v Speaker 1>with only fifteen people. We also developed the legal strategy

0:44:17.320 --> 0:44:20.920
<v Speaker 1>um that has so far been put to use by

0:44:20.960 --> 0:44:23.600
<v Speaker 1>we just got numbers three hundred and sixty thousand people

0:44:24.200 --> 0:44:27.840
<v Speaker 1>because these for profit colleges are huge, and you know,

0:44:27.920 --> 0:44:30.480
<v Speaker 1>we ended up being the first group to ever win

0:44:31.280 --> 0:44:34.239
<v Speaker 1>debt relief from the federal government, from the Department of

0:44:34.360 --> 0:44:37.080
<v Speaker 1>Education first under Obama, and we've been fighting Betsy Divas

0:44:37.160 --> 0:44:40.080
<v Speaker 1>ever since and we've won well over a billion dollars.

0:44:40.200 --> 0:44:43.920
<v Speaker 1>That's with a b billion dollars to date. And then

0:44:44.000 --> 0:44:46.560
<v Speaker 1>in doing that we devised this legal What we realized

0:44:46.600 --> 0:44:49.239
<v Speaker 1>in our research was actually the Department of Education has

0:44:49.360 --> 0:44:53.400
<v Speaker 1>the ability Congress already vested The Congress already vested the

0:44:53.520 --> 0:44:56.720
<v Speaker 1>Department of Education with the power to erase every penny

0:44:57.360 --> 0:45:01.479
<v Speaker 1>of student debt. And yes they can do it. There's

0:45:01.520 --> 0:45:05.320
<v Speaker 1>literally like a destroy button in the form of education.

0:45:05.760 --> 0:45:09.040
<v Speaker 1>We wrote like this one page letter that if the Department,

0:45:09.160 --> 0:45:11.399
<v Speaker 1>if the Secretary of Education would just sign it, all

0:45:11.440 --> 0:45:16.080
<v Speaker 1>of our federal student loans would be obliterated. Um, and uh,

0:45:16.400 --> 0:45:18.200
<v Speaker 1>you know, then we could start trying to figure out

0:45:18.200 --> 0:45:20.880
<v Speaker 1>how to actually solve our problems. But what's amazing is

0:45:21.000 --> 0:45:25.040
<v Speaker 1>that this theory that it was admittedly pretty fringe, because

0:45:25.080 --> 0:45:27.359
<v Speaker 1>of course that hasn't been done before a few years ago.

0:45:27.360 --> 0:45:29.719
<v Speaker 1>When we started pushing it. A couple of weeks ago,

0:45:30.560 --> 0:45:35.439
<v Speaker 1>um in the bizarreness of Senators Elizabeth Warren and Chuck

0:45:35.520 --> 0:45:38.400
<v Speaker 1>Schumer from New York. So Chuck Schumer, for I mean,

0:45:39.040 --> 0:45:42.400
<v Speaker 1>is not a liberal guy, he's a bad man. But

0:45:43.280 --> 0:45:49.200
<v Speaker 1>they announced a Senate resolution basically saying, uh, yeah, use

0:45:49.280 --> 0:45:53.400
<v Speaker 1>this legal argument and erase fifty dollars per borer in

0:45:53.480 --> 0:45:56.120
<v Speaker 1>the country. And so they you know, it was quite

0:45:56.160 --> 0:46:00.520
<v Speaker 1>the surreal moment where these ideas that fundamentally came from

0:46:00.800 --> 0:46:03.400
<v Speaker 1>the Debt Collective, which is this group born of Occupy

0:46:03.480 --> 0:46:07.359
<v Speaker 1>Wall Street, suddenly Chuck Schumer and Elizabeth Warren are there

0:46:07.440 --> 0:46:11.120
<v Speaker 1>saying exactly what we've been saying for the last four

0:46:11.239 --> 0:46:16.880
<v Speaker 1>years and and acknowledging and acknowledging they have we have

0:46:17.040 --> 0:46:19.720
<v Speaker 1>the power to do this, and this will cost nothing.

0:46:20.080 --> 0:46:22.480
<v Speaker 1>So there's no you know, because what it does if

0:46:22.520 --> 0:46:26.160
<v Speaker 1>you just cancel student debt, you're not if there's no expenditure, right,

0:46:26.200 --> 0:46:29.239
<v Speaker 1>they don't need to do any cost analysis. What it does.

0:46:29.400 --> 0:46:31.560
<v Speaker 1>That means all that money that people would be otherwise

0:46:31.640 --> 0:46:34.680
<v Speaker 1>paying to their loan servicer, they can help pay their rent,

0:46:35.120 --> 0:46:39.759
<v Speaker 1>they could buy some music, they could eat well. Right,

0:46:40.000 --> 0:46:42.080
<v Speaker 1>that money would be in the economy. So it would

0:46:42.080 --> 0:46:45.320
<v Speaker 1>be a huge economic stimulus. That's like the capitalist argument

0:46:45.400 --> 0:46:47.480
<v Speaker 1>for it, because all that money could go to things

0:46:47.560 --> 0:46:51.719
<v Speaker 1>people actually need and you know, quote unquote get the

0:46:51.800 --> 0:46:54.960
<v Speaker 1>economy moving again instead of sending it back to the

0:46:55.000 --> 0:47:00.360
<v Speaker 1>federal government via these like predatory collectors and mediators. Wouldn't

0:47:00.360 --> 0:47:02.680
<v Speaker 1>also be good for people's mental health if not, Like

0:47:03.160 --> 0:47:05.839
<v Speaker 1>the majority of the population was walking around stressed out.

0:47:06.040 --> 0:47:09.399
<v Speaker 1>People are like open the economy the supicide, right, it's

0:47:09.440 --> 0:47:14.000
<v Speaker 1>going there's all these deaths of despair, Like you just

0:47:14.120 --> 0:47:18.080
<v Speaker 1>cancel all the debt. I mean, I it's I mean,

0:47:18.160 --> 0:47:21.600
<v Speaker 1>I just heard of a friend's dad like last week,

0:47:21.840 --> 0:47:25.320
<v Speaker 1>and he killed himself because he was so indebted, and

0:47:25.719 --> 0:47:28.799
<v Speaker 1>then with COVID he was isolated and he couldn't see

0:47:28.800 --> 0:47:33.120
<v Speaker 1>a way out right. Um and then he's so indebted

0:47:33.280 --> 0:47:38.920
<v Speaker 1>that you have these creditors basically um like buying for

0:47:39.000 --> 0:47:42.399
<v Speaker 1>a piece of whatever, like limited little estate he had,

0:47:42.520 --> 0:47:45.560
<v Speaker 1>right like whatever things he had after his death. So

0:47:46.120 --> 0:47:48.480
<v Speaker 1>one statistic in the book is the average American dies

0:47:48.560 --> 0:47:52.719
<v Speaker 1>with sixty dollars of debt and um and I think

0:47:52.760 --> 0:47:56.880
<v Speaker 1>you're totally right that it's a it's a mental health crisis.

0:47:57.000 --> 0:47:59.080
<v Speaker 1>I mean, it's something that like you feel the anxiety

0:47:59.200 --> 0:48:01.440
<v Speaker 1>in your body and in your mind right when you

0:48:02.040 --> 0:48:05.640
<v Speaker 1>are worried about how you're going to pay your loans

0:48:05.760 --> 0:48:07.480
<v Speaker 1>or whether or not you're going to be evicted. I mean,

0:48:07.560 --> 0:48:10.120
<v Speaker 1>forty million people are at risk of eviction now in

0:48:10.200 --> 0:48:13.080
<v Speaker 1>the rent even with the moratorium. What they know is

0:48:13.120 --> 0:48:14.880
<v Speaker 1>that they're just gonna be a massive rent bill at

0:48:14.920 --> 0:48:19.239
<v Speaker 1>the end of this and um and so it has

0:48:19.320 --> 0:48:24.239
<v Speaker 1>total uh psychological effects and those are not incidental. So

0:48:24.360 --> 0:48:27.160
<v Speaker 1>this is one thing that's really important, the fact that

0:48:28.080 --> 0:48:33.040
<v Speaker 1>this there is a disciplinary function of debt. So and

0:48:33.760 --> 0:48:37.960
<v Speaker 1>and people say this, you know really clearly, so Alan Greenspan, right,

0:48:38.120 --> 0:48:43.080
<v Speaker 1>the um uh, the economist you know it said, you know, right,

0:48:43.160 --> 0:48:46.640
<v Speaker 1>if you have if you have people who hold mortgages,

0:48:46.719 --> 0:48:48.319
<v Speaker 1>you're not going to have a country that's like going

0:48:48.360 --> 0:48:51.200
<v Speaker 1>on stripe. You're not going to have a populace that

0:48:51.480 --> 0:48:55.000
<v Speaker 1>is going to be, you know, demanding more. You're going

0:48:55.080 --> 0:48:57.080
<v Speaker 1>to have people who are right, they can't come to

0:48:57.200 --> 0:48:59.640
<v Speaker 1>the demonstration because they've got to be at work, because

0:48:59.680 --> 0:49:02.920
<v Speaker 1>they're not to get kicked out of they have so much.

0:49:02.960 --> 0:49:04.319
<v Speaker 1>I mean, if you're a renter, you get kicked out

0:49:04.320 --> 0:49:06.279
<v Speaker 1>of your house, it's bad. But if you have someone

0:49:06.280 --> 0:49:08.439
<v Speaker 1>who and you've been paying your mortgage for fifteen years,

0:49:08.480 --> 0:49:09.880
<v Speaker 1>you don't want to lose all of that you know,

0:49:10.000 --> 0:49:12.480
<v Speaker 1>wealth that you imagine that you've you've invested in there,

0:49:12.600 --> 0:49:16.080
<v Speaker 1>right you know. Um, and so this is so you

0:49:16.160 --> 0:49:19.680
<v Speaker 1>know that was well appreciated, was that a nation of

0:49:19.760 --> 0:49:22.800
<v Speaker 1>mortgage holders would be what is the word I'm looking for,

0:49:23.080 --> 0:49:28.279
<v Speaker 1>more subdued, right, um? And and more docile. And then

0:49:28.360 --> 0:49:31.600
<v Speaker 1>with student loans, this history is really clear. I mean, basically,

0:49:31.760 --> 0:49:35.400
<v Speaker 1>Ronald Reagan was governor of California. Um. You know, the

0:49:35.520 --> 0:49:39.600
<v Speaker 1>University of California system was the crown jewel of the country,

0:49:40.080 --> 0:49:43.359
<v Speaker 1>was public, it was free and then what happened while

0:49:43.400 --> 0:49:46.400
<v Speaker 1>there was there was student arrested Berkeley. Famously, there was

0:49:46.520 --> 0:49:51.920
<v Speaker 1>also at this at the junior college system, uh, the

0:49:52.560 --> 0:49:55.319
<v Speaker 1>formation of basically black radicalism, I mean, the Black Panther

0:49:55.480 --> 0:49:59.760
<v Speaker 1>Party emerged at Merrick College and these free public colleges,

0:50:00.600 --> 0:50:05.600
<v Speaker 1>and Reagan was like, yeah, no, he really truly was like,

0:50:05.719 --> 0:50:08.600
<v Speaker 1>this is not you know, this is not a conspiracy theory.

0:50:08.680 --> 0:50:11.800
<v Speaker 1>He basically was like, hell no, and we're going to

0:50:12.880 --> 0:50:15.440
<v Speaker 1>kick those bumps off campus and when they pay for it,

0:50:15.600 --> 0:50:18.320
<v Speaker 1>they're not gonna um, they're not going to engage in

0:50:18.360 --> 0:50:21.040
<v Speaker 1>this kind of behavior. And so there was a you know,

0:50:21.640 --> 0:50:25.239
<v Speaker 1>Neil Liiberal economists, Um, we're like, okay, this is how

0:50:25.320 --> 0:50:28.799
<v Speaker 1>you control that is that you impose tuition and debt

0:50:29.280 --> 0:50:31.560
<v Speaker 1>and then you get you know, and then your college

0:50:31.560 --> 0:50:35.319
<v Speaker 1>students stop being rebels. And so it's always I mean,

0:50:35.400 --> 0:50:39.360
<v Speaker 1>it is it is a tool of of of control.

0:50:39.600 --> 0:50:41.800
<v Speaker 1>And you know, in the psychological effect of that of

0:50:41.880 --> 0:50:44.279
<v Speaker 1>like make a population that feels like they're constantly on

0:50:44.360 --> 0:50:48.839
<v Speaker 1>the brank of economic collapses, like to some people, that's

0:50:48.840 --> 0:50:52.880
<v Speaker 1>a benefit, you know, And and the challenge for organizing

0:50:52.920 --> 0:50:54.880
<v Speaker 1>debtors then is that what you first have to do

0:50:55.000 --> 0:50:57.400
<v Speaker 1>is say, Okay, I know this makes you like, I

0:50:57.520 --> 0:51:00.520
<v Speaker 1>know you can't can't face that bill. I know that

0:51:00.600 --> 0:51:03.920
<v Speaker 1>it makes you sick to open that envelope because it's scary.

0:51:05.080 --> 0:51:07.759
<v Speaker 1>And I know that you've been indoctrinated into this world

0:51:07.880 --> 0:51:09.560
<v Speaker 1>view that tells you that it's your fault and that

0:51:09.680 --> 0:51:12.280
<v Speaker 1>if you had done something better or been a better person,

0:51:12.840 --> 0:51:14.800
<v Speaker 1>you wouldn't be in debt. Hey, you'd be a millionaire.

0:51:15.160 --> 0:51:18.240
<v Speaker 1>But you know, let go of that shame and stigma

0:51:18.400 --> 0:51:21.480
<v Speaker 1>and realize you are not alone, which is our slogan,

0:51:22.000 --> 0:51:24.520
<v Speaker 1>and and come together. So one thing I think we

0:51:24.800 --> 0:51:27.080
<v Speaker 1>offer as a as a union, as an as an

0:51:27.120 --> 0:51:30.279
<v Speaker 1>organization is not just the possibility that your debts will

0:51:30.280 --> 0:51:34.480
<v Speaker 1>be erased, but also that you can erase that shame, right,

0:51:34.760 --> 0:51:38.360
<v Speaker 1>and that that's also a huge value. He started to

0:51:38.440 --> 0:51:42.120
<v Speaker 1>talk a little bit about the challenges of debtors organizing

0:51:42.239 --> 0:51:45.120
<v Speaker 1>and so I'm really curious how it differs from other

0:51:45.200 --> 0:51:47.560
<v Speaker 1>forms of organizing. In the book, you will talk about

0:51:47.600 --> 0:51:53.360
<v Speaker 1>how like we're all spread out across geography and all

0:51:53.440 --> 0:51:57.120
<v Speaker 1>different walks of life, and look at as an asset

0:51:57.480 --> 0:52:00.880
<v Speaker 1>being able to connect with folks who have shared experience

0:52:00.960 --> 0:52:03.120
<v Speaker 1>even though they might be different than in either other ways.

0:52:03.200 --> 0:52:07.799
<v Speaker 1>I wonder if that might also make it harder even

0:52:07.880 --> 0:52:11.560
<v Speaker 1>that in Athens, like you know, last week there was

0:52:11.600 --> 0:52:15.280
<v Speaker 1>a video of a young man getting painted by the cops,

0:52:16.040 --> 0:52:18.960
<v Speaker 1>and now we're all on the street together, you know,

0:52:19.280 --> 0:52:22.280
<v Speaker 1>a couple of days later, because it's like geographically bound,

0:52:22.480 --> 0:52:25.080
<v Speaker 1>like we all live in this place together, we're all

0:52:25.120 --> 0:52:27.680
<v Speaker 1>going to stand up for changes in this place. So

0:52:28.000 --> 0:52:30.600
<v Speaker 1>I'm just curious, like what the two sides of the

0:52:30.680 --> 0:52:34.400
<v Speaker 1>coin are with the sort of distributed nature of the

0:52:35.200 --> 0:52:39.880
<v Speaker 1>demographic of debtors, I guess my my thought in response

0:52:39.920 --> 0:52:42.600
<v Speaker 1>to that, though, is that even to how people mobilize

0:52:42.680 --> 0:52:44.920
<v Speaker 1>locally with that sense of consciousness, you still have to

0:52:45.000 --> 0:52:47.560
<v Speaker 1>do you stop to do work. It's not spontaneous, right,

0:52:47.600 --> 0:52:51.200
<v Speaker 1>It's not like neighbors. Neighbors don't just naturally like spontaneously

0:52:51.280 --> 0:52:54.280
<v Speaker 1>or naturally rise up or have solidarity. Like that's something

0:52:55.520 --> 0:52:57.400
<v Speaker 1>to me as someone who used to live in Athens.

0:52:57.520 --> 0:52:59.279
<v Speaker 1>You hearing you say that, I'm like, well, that means

0:52:59.360 --> 0:53:01.279
<v Speaker 1>that you've done the work and other people have done

0:53:01.320 --> 0:53:04.640
<v Speaker 1>the work of organizing to even to get people in

0:53:04.719 --> 0:53:08.200
<v Speaker 1>Athens to see themselves as a political community. That should

0:53:08.239 --> 0:53:12.640
<v Speaker 1>respond to something like that, right um. Uh. And so

0:53:13.120 --> 0:53:17.360
<v Speaker 1>you know organizing regionally is also it also takes effort

0:53:17.680 --> 0:53:19.920
<v Speaker 1>um and you have to form those bonds and that

0:53:20.040 --> 0:53:26.200
<v Speaker 1>consciousness um and and uh and so in that sense,

0:53:26.360 --> 0:53:28.920
<v Speaker 1>you know, it's not that different to organize people at

0:53:28.920 --> 0:53:35.359
<v Speaker 1>a distance, UM, because you know, we're we're what we're

0:53:35.360 --> 0:53:39.400
<v Speaker 1>doing is we're exposing a commonality. Right, It's like, Okay, actually,

0:53:40.320 --> 0:53:43.120
<v Speaker 1>you know at the end of the month, you're all

0:53:43.200 --> 0:53:46.320
<v Speaker 1>stressing out over making this payment, and that's something that

0:53:46.520 --> 0:53:50.600
<v Speaker 1>that that that brings you together, and UM can unite you.

0:53:51.080 --> 0:53:54.000
<v Speaker 1>So you know, I think for people on the left

0:53:54.080 --> 0:53:56.960
<v Speaker 1>or people who want to engage in activism, like the

0:53:57.400 --> 0:54:00.479
<v Speaker 1>building the bonds of solidarity is just it's always really hard,

0:54:01.320 --> 0:54:04.680
<v Speaker 1>right UM. And I guess for me, like one of

0:54:04.719 --> 0:54:06.600
<v Speaker 1>my naive questions, so I was like, why is it

0:54:06.680 --> 0:54:11.680
<v Speaker 1>harder to divide us than unite us? Why? Why? Um?

0:54:12.640 --> 0:54:15.839
<v Speaker 1>And And then I think I'm also just interested in like, well,

0:54:15.920 --> 0:54:19.080
<v Speaker 1>what new forms of uniting can we invent, like to

0:54:19.160 --> 0:54:22.440
<v Speaker 1>approach it as like a creative question or problem, like

0:54:22.560 --> 0:54:25.600
<v Speaker 1>what what other ways can we identify? What ways can

0:54:25.640 --> 0:54:30.160
<v Speaker 1>we identify that that that UM bring these unlikely alliances

0:54:31.440 --> 0:54:33.759
<v Speaker 1>uh into being, and I think that, you know, I

0:54:33.840 --> 0:54:38.799
<v Speaker 1>think we have to not universalized too much about indebtedness.

0:54:38.880 --> 0:54:42.160
<v Speaker 1>Like that's why it's important to keep that lens that

0:54:42.480 --> 0:54:47.279
<v Speaker 1>that reveals, uh, the way that racism has shaped indebtedness.

0:54:47.360 --> 0:54:49.960
<v Speaker 1>So one of our phrases at the beginning was that

0:54:50.200 --> 0:54:54.279
<v Speaker 1>is the tie that binds, but it doesn't bind everybody equally, right,

0:54:54.400 --> 0:54:57.880
<v Speaker 1>Like that is common, but it's not an equalizer. It

0:54:58.000 --> 0:55:02.840
<v Speaker 1>amplifies inequalities in lots of ways, is um Nevertheless, you know,

0:55:03.239 --> 0:55:06.880
<v Speaker 1>for example, with our for profit college union, you know,

0:55:07.120 --> 0:55:10.040
<v Speaker 1>it was a really it was a really diverse group.

0:55:10.120 --> 0:55:12.920
<v Speaker 1>I mean there were people who lived in rural areas,

0:55:13.000 --> 0:55:16.840
<v Speaker 1>and there were urban youth, and there were um, you know,

0:55:17.200 --> 0:55:19.360
<v Speaker 1>middle aged grandmas who had kind of gone back to

0:55:19.480 --> 0:55:22.319
<v Speaker 1>college after the economic crisis in two thousand and eight,

0:55:22.840 --> 0:55:24.839
<v Speaker 1>and then there were young people just starting their lives out.

0:55:25.360 --> 0:55:27.440
<v Speaker 1>And you know, they were black, they were white, a

0:55:27.480 --> 0:55:29.640
<v Speaker 1>lot of them were first generation, a lot of single mothers.

0:55:29.760 --> 0:55:32.480
<v Speaker 1>But you know, I think when you when you do

0:55:32.680 --> 0:55:38.000
<v Speaker 1>organize with a material analysis and you follow those chains

0:55:38.200 --> 0:55:40.799
<v Speaker 1>of debt or you know, look to where people are

0:55:40.960 --> 0:55:44.840
<v Speaker 1>being exploited in the workplace, you will kind of you

0:55:45.200 --> 0:55:51.040
<v Speaker 1>will end up with a diverse coalition, right because you know,

0:55:51.160 --> 0:55:53.960
<v Speaker 1>that's that's the real that's who's being exploited in this

0:55:54.120 --> 0:55:58.279
<v Speaker 1>world and taken advantage of. Um. Yeah, there are there

0:55:58.320 --> 0:56:01.760
<v Speaker 1>are real There are definitely colleges in debt or organizing

0:56:01.880 --> 0:56:03.840
<v Speaker 1>and there you know, and I'm not sure they're not

0:56:04.040 --> 0:56:09.200
<v Speaker 1>that different than organizing. UM in general, I think we have.

0:56:09.640 --> 0:56:11.440
<v Speaker 1>I think the thing about that or organizing is just

0:56:11.560 --> 0:56:14.400
<v Speaker 1>that it's it's a new framework, right, Like we're customs

0:56:14.400 --> 0:56:17.080
<v Speaker 1>of thinking, Yeah, we're a customed to thinking okay, organized

0:56:17.880 --> 0:56:22.960
<v Speaker 1>electorally organized at the workplace, get out and vote or

0:56:23.160 --> 0:56:26.640
<v Speaker 1>join a union. Yeah, and this is like, okay, hey,

0:56:26.760 --> 0:56:30.320
<v Speaker 1>here's this whole new set of not just of corporate

0:56:30.360 --> 0:56:32.920
<v Speaker 1>targets and government targets, because there's the sense of like

0:56:33.239 --> 0:56:36.000
<v Speaker 1>you could organize against the bail bond's company or the

0:56:36.040 --> 0:56:39.759
<v Speaker 1>paida lender or the bank or the government apparatus that

0:56:40.760 --> 0:56:45.520
<v Speaker 1>enables their behavior or could potentially regulate them or implement

0:56:45.600 --> 0:56:49.040
<v Speaker 1>a policy that could put them out of business. Um.

0:56:50.200 --> 0:56:52.480
<v Speaker 1>But it's but it's it's so I think that's I

0:56:52.560 --> 0:56:55.600
<v Speaker 1>think right now we're still in the proselytizing phase of like, hey,

0:56:55.960 --> 0:56:59.239
<v Speaker 1>this is how the economy is organized. It's organized to

0:56:59.360 --> 0:57:02.360
<v Speaker 1>put you in debt. So we should then use this

0:57:02.480 --> 0:57:04.799
<v Speaker 1>as an opportunity to organize ourselves in a new way

0:57:04.880 --> 0:57:17.320
<v Speaker 1>to transform it. M absolutely. I was also curious in

0:57:17.440 --> 0:57:22.640
<v Speaker 1>terms of challenges UM. In my lifetime, at least I've

0:57:22.640 --> 0:57:26.000
<v Speaker 1>seen movements emerge at if acute moments of injustice. The

0:57:26.080 --> 0:57:28.880
<v Speaker 1>murders of like of Michael Brown or George Floyd has

0:57:28.920 --> 0:57:31.960
<v Speaker 1>some personally impactful examples. I wonder if you see a

0:57:32.040 --> 0:57:37.120
<v Speaker 1>potential matchstick moment for debtors organizing the way that we've

0:57:37.200 --> 0:57:42.080
<v Speaker 1>seen previous UH moments of a justice spark these huge

0:57:42.240 --> 0:57:47.640
<v Speaker 1>movements UM around a certain kind of organizing or in

0:57:47.720 --> 0:57:52.680
<v Speaker 1>a certain UM frame or areas. Such a good question.

0:57:52.880 --> 0:57:59.760
<v Speaker 1>I mean, I I think sometimes those moments can be made.

0:58:00.120 --> 0:58:02.680
<v Speaker 1>I mean, this is a whole theory of organizing UM.

0:58:03.240 --> 0:58:05.440
<v Speaker 1>You know. I don't know if you followed like the

0:58:05.520 --> 0:58:10.680
<v Speaker 1>momentum model which has influenced the UM groups like Sunrise

0:58:10.800 --> 0:58:12.680
<v Speaker 1>for example, but their whole thing is that you can

0:58:12.760 --> 0:58:16.360
<v Speaker 1>generate those galvanizing moments of crisis UM instead of kind

0:58:16.360 --> 0:58:20.760
<v Speaker 1>of waiting for one UM. So my my impulse is

0:58:20.800 --> 0:58:24.880
<v Speaker 1>you know, debt or organizing. Um. You know, I think

0:58:24.920 --> 0:58:27.440
<v Speaker 1>one of the things about debt, I mean it's a

0:58:27.480 --> 0:58:29.600
<v Speaker 1>little bit like the wage, right, it's kind of part

0:58:29.680 --> 0:58:33.960
<v Speaker 1>of part of the ideology of capitalism is, oh, that's private, right.

0:58:34.000 --> 0:58:36.560
<v Speaker 1>You don't talk about that. You don't you don't go

0:58:36.720 --> 0:58:38.760
<v Speaker 1>around talking about what you're paid, you don't go around

0:58:38.800 --> 0:58:41.880
<v Speaker 1>talking about what what you owe. And so it's kind

0:58:41.920 --> 0:58:45.640
<v Speaker 1>of insidious in that way. It's a little invisible. Um.

0:58:46.240 --> 0:58:49.040
<v Speaker 1>So it challenges my imagination to think, like what would

0:58:49.040 --> 0:58:51.840
<v Speaker 1>be the big spark. But on the other hand, you know,

0:58:51.920 --> 0:58:57.240
<v Speaker 1>I think with COVID, our economy is like going off

0:58:57.320 --> 0:59:00.640
<v Speaker 1>the rails. I mean, once again, fort allion people in

0:59:00.720 --> 0:59:04.480
<v Speaker 1>this country are going to be an imminent threat of

0:59:04.800 --> 0:59:08.600
<v Speaker 1>eviction and homelessness and have these massive back rents do

0:59:09.400 --> 0:59:13.040
<v Speaker 1>and you know, something like that can't spark and like,

0:59:14.280 --> 0:59:16.920
<v Speaker 1>you know, a movement about this, then I don't know,

0:59:17.200 --> 0:59:19.280
<v Speaker 1>I don't know what it would take, um, but it

0:59:19.360 --> 0:59:22.440
<v Speaker 1>feels like we might be heading to heading into a

0:59:22.560 --> 0:59:29.480
<v Speaker 1>different um like just different terrain because of the crisis

0:59:29.600 --> 0:59:31.960
<v Speaker 1>that we're in right now. Um. And that's why I

0:59:32.000 --> 0:59:38.960
<v Speaker 1>think we're having moment. It's their dog and their Mailman.

0:59:39.200 --> 0:59:42.440
<v Speaker 1>Everyone needs to read Can't Pay. Well, that's I'm serious,

0:59:42.480 --> 0:59:45.760
<v Speaker 1>it's really good book. But and then we'll have the

0:59:46.000 --> 0:59:49.840
<v Speaker 1>frame work I which to understand the moment we're going through,

0:59:50.120 --> 0:59:52.720
<v Speaker 1>and the moment itself will be the match thing. Well,

0:59:52.720 --> 0:59:54.320
<v Speaker 1>I think that's I mean, that's sort of you know,

0:59:54.440 --> 0:59:55.800
<v Speaker 1>I guess I'm like, I don't want to be too

0:59:55.840 --> 0:59:59.200
<v Speaker 1>prophetic or optimistic, but I think that is the that's

0:59:59.360 --> 1:00:01.600
<v Speaker 1>the wage that we're trying to make. What you know

1:00:01.760 --> 1:00:04.919
<v Speaker 1>is that we know that tens of millions of people

1:00:04.920 --> 1:00:06.880
<v Speaker 1>are going to be in the can't pay scenario and

1:00:06.960 --> 1:00:11.000
<v Speaker 1>already are like that's where we are in this moment.

1:00:11.440 --> 1:00:14.280
<v Speaker 1>And so you know, if we can rise to the

1:00:14.320 --> 1:00:17.240
<v Speaker 1>occasion as the debt collective and his organizers and turn

1:00:17.320 --> 1:00:19.920
<v Speaker 1>that can't pay moment into a won't pay moment, right

1:00:20.040 --> 1:00:23.080
<v Speaker 1>because you shouldn't have to pay anyway, Like these debts

1:00:23.120 --> 1:00:25.640
<v Speaker 1>are immoral because their their debts related to your basic

1:00:25.720 --> 1:00:28.560
<v Speaker 1>survival and you know, things you should be entitled to

1:00:28.600 --> 1:00:31.560
<v Speaker 1>as a human being, then yes, that could be our

1:00:31.600 --> 1:00:38.280
<v Speaker 1>match stick. Right. So it's you know, I think I'm sorry, no, no,

1:00:38.360 --> 1:00:39.800
<v Speaker 1>but I think that's right. I mean that you know,

1:00:39.880 --> 1:00:43.480
<v Speaker 1>we want the proposition we're making is like, you know,

1:00:44.040 --> 1:00:47.439
<v Speaker 1>skip the shame, skip the self reproach, and like let's

1:00:47.480 --> 1:00:51.440
<v Speaker 1>get angry and get organized and indignant about this. In

1:00:51.520 --> 1:00:55.200
<v Speaker 1>a way, I think it might. I think COVID kind

1:00:55.240 --> 1:00:57.560
<v Speaker 1>of might help out with that because one of the

1:00:57.640 --> 1:01:02.080
<v Speaker 1>things that I worry about sometimes is with everyone's lives

1:01:02.200 --> 1:01:04.960
<v Speaker 1>kind of with everyone's lives being you know, built around

1:01:05.080 --> 1:01:07.600
<v Speaker 1>hustle and bustle, and everyone has to grind and grind that.

1:01:07.680 --> 1:01:12.880
<v Speaker 1>I feel that sometimes when things get so outrageous that

1:01:13.320 --> 1:01:18.200
<v Speaker 1>that can some sometimes dampen people's want to fight. You know,

1:01:18.320 --> 1:01:21.240
<v Speaker 1>you were talking about how being in debt can be

1:01:21.360 --> 1:01:24.320
<v Speaker 1>a form of keeping the population subdued. Like I feel like,

1:01:26.040 --> 1:01:28.160
<v Speaker 1>just using Trump as an example, if we were to

1:01:28.240 --> 1:01:30.520
<v Speaker 1>wake up one morning and see that Trump did something

1:01:30.720 --> 1:01:34.960
<v Speaker 1>like completely completely outrageous, like more outrageous than the normal,

1:01:35.480 --> 1:01:38.280
<v Speaker 1>that most people would be mad on their phone in

1:01:38.360 --> 1:01:40.680
<v Speaker 1>the morning and then have to go to work. And

1:01:40.800 --> 1:01:45.880
<v Speaker 1>I feel like COVID, now the economy now don't have

1:01:45.960 --> 1:01:49.080
<v Speaker 1>shipped to do. So It's like, let's like, how how

1:01:49.480 --> 1:01:53.400
<v Speaker 1>would the would the George Floyd protests and the protests

1:01:53.440 --> 1:01:57.160
<v Speaker 1>that have followed since, would that have been as massive

1:01:57.240 --> 1:02:00.680
<v Speaker 1>and widespread. If forty million people didn't get lose their

1:02:00.760 --> 1:02:03.200
<v Speaker 1>job before him, well, what do you think have that

1:02:03.280 --> 1:02:06.280
<v Speaker 1>to tie them down? I'm I don't think so personally.

1:02:06.320 --> 1:02:08.880
<v Speaker 1>I think I think it kind of goes hand in him. Yeah,

1:02:09.040 --> 1:02:10.560
<v Speaker 1>I think, I mean, I think that's what I think.

1:02:10.680 --> 1:02:15.520
<v Speaker 1>That's right. I think there was something about people living

1:02:15.560 --> 1:02:20.280
<v Speaker 1>in a different time scale because of the pandemic that

1:02:21.120 --> 1:02:24.640
<v Speaker 1>enabled a deeper reflection for some people who might otherwise

1:02:24.680 --> 1:02:30.680
<v Speaker 1>have just ignored it or um like moved on more quickly. Uh.

1:02:30.880 --> 1:02:34.560
<v Speaker 1>And so I think I do think pandemic time influenced

1:02:35.560 --> 1:02:38.360
<v Speaker 1>people's responses. I think the thing for me is that,

1:02:39.320 --> 1:02:42.040
<v Speaker 1>you know, I just want people to be have a

1:02:42.120 --> 1:02:47.680
<v Speaker 1>better analysis of power. It's like, how where is the power?

1:02:48.400 --> 1:02:51.000
<v Speaker 1>What power do we have, what leverage do we have?

1:02:51.800 --> 1:02:55.920
<v Speaker 1>And so that's it's like, because I actually think there

1:02:56.040 --> 1:02:58.920
<v Speaker 1>are lots of people who are pretty awake and who

1:02:59.040 --> 1:03:02.800
<v Speaker 1>care about things in a disgusted by injustice. I think

1:03:02.880 --> 1:03:07.000
<v Speaker 1>what we don't have in this country are you know,

1:03:07.440 --> 1:03:15.280
<v Speaker 1>solid organizations that are geared towards like um class conflict

1:03:16.480 --> 1:03:19.760
<v Speaker 1>on the side of the working class, right, like unions

1:03:20.360 --> 1:03:24.960
<v Speaker 1>are really really incapacitated by the legal regime we're in.

1:03:25.400 --> 1:03:27.360
<v Speaker 1>I mean, if you go back to the beginning of

1:03:27.400 --> 1:03:31.720
<v Speaker 1>this country, imported from British common law, is basically this

1:03:31.840 --> 1:03:34.400
<v Speaker 1>idea like workers organizing was a conspiracy, it was illegal,

1:03:35.280 --> 1:03:37.440
<v Speaker 1>But the legal regime has always been set up to

1:03:37.560 --> 1:03:43.520
<v Speaker 1>encourage you know, investors and bosses to collaborate, right, Like

1:03:44.040 --> 1:03:47.000
<v Speaker 1>what is an LLC but just basically a legal mechanism

1:03:47.120 --> 1:03:49.360
<v Speaker 1>so that like you know, people can collaborate and have

1:03:49.440 --> 1:03:51.760
<v Speaker 1>a business and have limited liability. Right. So from the

1:03:51.880 --> 1:03:54.560
<v Speaker 1>very beginning of this country, it's like there has been

1:03:55.040 --> 1:03:59.640
<v Speaker 1>uh an assault on people's capacities to collaborate and have

1:03:59.760 --> 1:04:05.800
<v Speaker 1>some literarity and and organize um organizing their interests. So

1:04:05.880 --> 1:04:09.080
<v Speaker 1>I guess that's where you know, I think if we

1:04:09.160 --> 1:04:11.480
<v Speaker 1>need to make an intervention, it's like, okay, we all

1:04:11.640 --> 1:04:13.320
<v Speaker 1>we you know, a lot of people care enough of

1:04:13.440 --> 1:04:15.400
<v Speaker 1>us care about what's going on in the world that

1:04:15.440 --> 1:04:18.840
<v Speaker 1>if we were just organized, we could change things together, right,

1:04:19.880 --> 1:04:22.840
<v Speaker 1>bearing together in a strategic way. That actually is like

1:04:23.000 --> 1:04:26.040
<v Speaker 1>where is the power, you know, where can we stop

1:04:26.160 --> 1:04:30.040
<v Speaker 1>the flows of capital, Where can we interrupt exploitation? Where

1:04:30.080 --> 1:04:32.120
<v Speaker 1>do we have political leverage? Which is why it's so

1:04:32.280 --> 1:04:35.240
<v Speaker 1>important for people like Maria and others to be running

1:04:35.280 --> 1:04:39.880
<v Speaker 1>for office and you and um and having skin in

1:04:40.000 --> 1:04:41.840
<v Speaker 1>that game. But I think, you know, it's really for

1:04:41.960 --> 1:04:44.680
<v Speaker 1>me the power analysis that we need to be developing

1:04:44.800 --> 1:04:49.080
<v Speaker 1>and like building the organizational and institutional might to get

1:04:49.160 --> 1:04:52.000
<v Speaker 1>in the way of business as usual. Um, you know.

1:04:52.120 --> 1:04:55.640
<v Speaker 1>And and protests are amazing and I moved by them,

1:04:55.840 --> 1:04:57.959
<v Speaker 1>and I've been at my share of them in my life,

1:04:58.080 --> 1:05:03.919
<v Speaker 1>but like I want, I want different forms of institutional power. Yeah,

1:05:04.280 --> 1:05:07.200
<v Speaker 1>for sure, I wouldn't be respectful for your if your

1:05:07.240 --> 1:05:10.720
<v Speaker 1>time first stance. We're getting in towards three thirty, I

1:05:10.760 --> 1:05:12.880
<v Speaker 1>don't know if you've got to run a Should we

1:05:13.040 --> 1:05:15.280
<v Speaker 1>get to the last question? I'm really curious for the

1:05:15.320 --> 1:05:18.160
<v Speaker 1>second to last question. Then second to last question, I

1:05:18.200 --> 1:05:19.920
<v Speaker 1>do want to say one thing about the racial justice

1:05:19.960 --> 1:05:21.920
<v Speaker 1>then really quick is you know it's interesting that the

1:05:22.000 --> 1:05:24.480
<v Speaker 1>phrase we always use as reckoning, that we're having a

1:05:24.560 --> 1:05:28.520
<v Speaker 1>reckoning around racial justice, now that that word actually means

1:05:30.440 --> 1:05:33.520
<v Speaker 1>it's actually a reference to debt. Right, it's a settling

1:05:33.560 --> 1:05:38.080
<v Speaker 1>of accounts, it's a calculation, and so it's kind of

1:05:38.320 --> 1:05:40.200
<v Speaker 1>you know, for me, as someone involved in debt or organizing,

1:05:40.240 --> 1:05:43.920
<v Speaker 1>it's interesting that our moral language is steeped in indebtedness

1:05:44.520 --> 1:05:47.600
<v Speaker 1>and the payback of debts. Right, So one thing the

1:05:47.720 --> 1:05:50.040
<v Speaker 1>debt collective is trying to do, and what we're trying

1:05:50.040 --> 1:05:51.720
<v Speaker 1>to do with campaign Won't Pay, is like challenge the

1:05:51.760 --> 1:05:56.520
<v Speaker 1>morality of debts. Right, we don't we don't, uh, we

1:05:56.600 --> 1:05:59.720
<v Speaker 1>don't always have to pay. In fact, the rich walk

1:05:59.760 --> 1:06:01.160
<v Speaker 1>away from their debts all the time. I mean, look

1:06:01.160 --> 1:06:03.880
<v Speaker 1>at the revelations about Trump. Right, we knew Trump had

1:06:04.080 --> 1:06:07.040
<v Speaker 1>like six or seven bankruptcies behind him, but you know

1:06:07.160 --> 1:06:10.040
<v Speaker 1>he's like he's like four million dollars in debt or

1:06:10.120 --> 1:06:11.880
<v Speaker 1>something like that, and he's been able to use it

1:06:11.960 --> 1:06:16.040
<v Speaker 1>to just get richer and get more powerful. Um. But

1:06:16.200 --> 1:06:20.040
<v Speaker 1>I think you know the the the flip side of that, though,

1:06:20.120 --> 1:06:21.640
<v Speaker 1>is like, well, what debts do we want to pay?

1:06:21.760 --> 1:06:23.920
<v Speaker 1>Like we don't want to pay these student loans, we

1:06:23.960 --> 1:06:27.600
<v Speaker 1>don't want to pay these medical bills, but we want

1:06:27.600 --> 1:06:30.720
<v Speaker 1>to pay reparations. We want you know, to like we

1:06:30.800 --> 1:06:33.240
<v Speaker 1>want to pay the climate debt that you know, we

1:06:33.440 --> 1:06:37.040
<v Speaker 1>as this rich, industrialized question country oh for you know,

1:06:37.120 --> 1:06:39.640
<v Speaker 1>burning up more than our fair share of carbon and

1:06:39.760 --> 1:06:43.680
<v Speaker 1>to help pay back debt so we can build a

1:06:43.800 --> 1:06:46.640
<v Speaker 1>new green economy. So I think that the yeah, the

1:06:46.880 --> 1:06:51.200
<v Speaker 1>language of reckoning in this moment is interesting. Um, you

1:06:51.280 --> 1:06:52.880
<v Speaker 1>know in this question of like okay, yeah, in a

1:06:52.960 --> 1:06:58.720
<v Speaker 1>reckoning like what like we need receipts. You know, it's

1:06:58.760 --> 1:07:03.480
<v Speaker 1>not just if the perspective that's required that's really interesting.

1:07:03.600 --> 1:07:06.520
<v Speaker 1>You know as a linguist, that's just like, oh my gosh,

1:07:08.440 --> 1:07:12.320
<v Speaker 1>you know, there's like a linguistic and etymological link between

1:07:12.440 --> 1:07:14.400
<v Speaker 1>like this moment we're having and the language we are

1:07:14.480 --> 1:07:15.960
<v Speaker 1>using about it. But we can we could do a

1:07:16.000 --> 1:07:18.800
<v Speaker 1>whole interview, just like Love for Etymology, because they like

1:07:19.400 --> 1:07:22.920
<v Speaker 1>because where words come from, like the meaning, like the reckoning.

1:07:23.160 --> 1:07:26.280
<v Speaker 1>It's like that meaning is even if you don't know

1:07:26.440 --> 1:07:29.160
<v Speaker 1>it consciously, it suffuses it. Like that's part of why

1:07:29.200 --> 1:07:34.160
<v Speaker 1>we're going to that word. Um, I love words were

1:07:34.360 --> 1:07:36.480
<v Speaker 1>just so good and you're good at words. Thank you.

1:07:36.600 --> 1:07:40.280
<v Speaker 1>I really appreciated that. I really if you if you

1:07:40.360 --> 1:07:43.320
<v Speaker 1>were rhyming, it would probably make some ill verses. My god,

1:07:45.640 --> 1:07:50.760
<v Speaker 1>that episode we would be. So that's not even fair

1:07:50.880 --> 1:07:52.840
<v Speaker 1>to say that because now you might not do it.

1:07:53.040 --> 1:07:57.440
<v Speaker 1>It's not every episode. Since it's about hip hop and politics.

1:07:57.560 --> 1:08:00.960
<v Speaker 1>We wrap in the intro and I the show, and

1:08:01.080 --> 1:08:03.800
<v Speaker 1>so for many weeks, a lot of times we freeze out,

1:08:03.840 --> 1:08:07.240
<v Speaker 1>but for many weeks we like right versus about the topic.

1:08:07.640 --> 1:08:10.200
<v Speaker 1>So I this weekend, I'm gonna sit down, let's see

1:08:10.280 --> 1:08:13.440
<v Speaker 1>what I got for that, and then I'll have to

1:08:13.520 --> 1:08:17.440
<v Speaker 1>have another dance party. I had one question about scaling

1:08:17.880 --> 1:08:22.080
<v Speaker 1>that strikes to like various institutions from a local governmental perspective.

1:08:22.160 --> 1:08:25.919
<v Speaker 1>I was really intrigued by the chapter about governments refusing

1:08:25.960 --> 1:08:27.760
<v Speaker 1>their debt and wondered if you could speak to that

1:08:27.800 --> 1:08:29.000
<v Speaker 1>a little bit, just give me a little piece of

1:08:29.000 --> 1:08:33.439
<v Speaker 1>ice about how to bring this to bear in my

1:08:33.600 --> 1:08:38.040
<v Speaker 1>local legislation. So, um, where do we start? I think

1:08:38.120 --> 1:08:43.240
<v Speaker 1>one one thing? Okay to begin, Well, you see hear

1:08:43.280 --> 1:08:45.320
<v Speaker 1>a lot about debt from the right wing, and the

1:08:45.439 --> 1:08:49.479
<v Speaker 1>argument from the right wing was the national deficit. We

1:08:49.600 --> 1:08:51.680
<v Speaker 1>as a country are so in debt, and we're just

1:08:51.800 --> 1:08:54.000
<v Speaker 1>like a household. When a household is in debt, we

1:08:54.120 --> 1:08:56.000
<v Speaker 1>need to like tighten our belt. We need to cut

1:08:56.040 --> 1:08:59.400
<v Speaker 1>our spending right and uh, and so therefore we're going

1:08:59.439 --> 1:09:01.960
<v Speaker 1>to have to cut some security and cut funding education

1:09:02.120 --> 1:09:04.920
<v Speaker 1>and cut you know, everything except the military, accept the police.

1:09:05.560 --> 1:09:10.160
<v Speaker 1>So that is as we've seen post COVID fundamentally wrong.

1:09:10.200 --> 1:09:11.960
<v Speaker 1>I mean, what did the federal government do. They just

1:09:12.040 --> 1:09:14.640
<v Speaker 1>came up with trillions and trillions of dollars for corporations

1:09:14.880 --> 1:09:18.519
<v Speaker 1>overnight without any discussion. So at the federal government level,

1:09:18.560 --> 1:09:22.880
<v Speaker 1>that's wrong. At the state level and the municipal level,

1:09:23.200 --> 1:09:25.800
<v Speaker 1>governments aren't able to just print money in the same

1:09:25.840 --> 1:09:28.839
<v Speaker 1>way the Feds are. Right, So there are real vegetary constraints,

1:09:29.280 --> 1:09:32.800
<v Speaker 1>But we have a dynamic where um, the rich people win.

1:09:32.960 --> 1:09:37.040
<v Speaker 1>Why because we don't tax wealthy residents, right, States and

1:09:37.200 --> 1:09:40.880
<v Speaker 1>local governments don't tax rich residents enough, don't tax corporations.

1:09:41.680 --> 1:09:44.960
<v Speaker 1>Um end up imposing regressive taxes right sales tax or

1:09:45.000 --> 1:09:48.759
<v Speaker 1>whatever else. And then what do we do. We issue bonds,

1:09:49.960 --> 1:09:53.320
<v Speaker 1>which is a basically borrowing from rich residents. So you

1:09:53.400 --> 1:09:55.160
<v Speaker 1>say like, hey, rich people are not going to tax you,

1:09:55.240 --> 1:09:57.799
<v Speaker 1>but we'll borrow your money and we'll pay you interest

1:09:58.720 --> 1:10:01.439
<v Speaker 1>and um and in Wall Street will will get a

1:10:01.479 --> 1:10:04.000
<v Speaker 1>cut for brokering the deal. And so what we have

1:10:04.200 --> 1:10:07.920
<v Speaker 1>today is situations where you know, people communities have to

1:10:07.960 --> 1:10:11.040
<v Speaker 1>issue bonds for schools, for roads. But also like there

1:10:11.160 --> 1:10:14.680
<v Speaker 1>was a big paper recently about police brutality bonds. So

1:10:14.920 --> 1:10:19.240
<v Speaker 1>essentially city governments issuing bonds, borrowing millions of dollars um

1:10:19.360 --> 1:10:23.080
<v Speaker 1>so that they can pay when the cops kill people.

1:10:23.320 --> 1:10:27.799
<v Speaker 1>In other words, residents are paying, yeah, for killer cops,

1:10:28.160 --> 1:10:30.519
<v Speaker 1>but the investors in those bonds and a k a.

1:10:30.560 --> 1:10:34.439
<v Speaker 1>The rich residents get their dividends in Wall Street gets

1:10:34.479 --> 1:10:38.000
<v Speaker 1>a fee off of these, you know, bonds covering police brutality.

1:10:38.120 --> 1:10:42.240
<v Speaker 1>So I think that's that that is a vivid example

1:10:42.400 --> 1:10:46.639
<v Speaker 1>of just how messed up the system is. So um

1:10:47.400 --> 1:10:49.439
<v Speaker 1>so one thing, you know, I think it's it's these

1:10:49.520 --> 1:10:53.000
<v Speaker 1>deals are really commonplace, and so we are organizing. We

1:10:53.080 --> 1:10:56.160
<v Speaker 1>have a Hub Debt Collective Pennsylvania that's sort of centered

1:10:56.160 --> 1:11:00.439
<v Speaker 1>in Philly. I'm engaging in in campaigns that are focused

1:11:00.520 --> 1:11:05.200
<v Speaker 1>on renegotiating these municipal debt deals. Right. So, you know,

1:11:05.680 --> 1:11:09.000
<v Speaker 1>school systems lose hundreds of millions of dollars a year

1:11:09.000 --> 1:11:11.360
<v Speaker 1>because they're paying interests on these bonds, and Wall Streets,

1:11:11.400 --> 1:11:13.160
<v Speaker 1>you know, getting a cut, And that's money that I

1:11:13.240 --> 1:11:15.799
<v Speaker 1>can go to patching the roof, or hiring more teachers,

1:11:16.080 --> 1:11:19.720
<v Speaker 1>or giving the students the computers they need to learn remotely. Right,

1:11:19.800 --> 1:11:22.719
<v Speaker 1>So I think I think there are some potential really

1:11:22.800 --> 1:11:27.880
<v Speaker 1>interesting campaigns of municipal debt resistance. One dream we've had is, well,

1:11:27.920 --> 1:11:31.640
<v Speaker 1>what if multiple cities went on strikes? My dream too,

1:11:31.720 --> 1:11:34.320
<v Speaker 1>That's what I was thinking about, like finding other cities

1:11:34.479 --> 1:11:38.600
<v Speaker 1>that are that are done bonds with a certain you know,

1:11:38.920 --> 1:11:41.479
<v Speaker 1>and maybe you've all done bonds with Goldman Sacks and

1:11:41.520 --> 1:11:44.519
<v Speaker 1>then there's like a five city municipal strike against Goldman Sacks.

1:11:45.160 --> 1:11:48.400
<v Speaker 1>I think that there is another thing that cities and

1:11:48.439 --> 1:11:50.400
<v Speaker 1>states could do that would be really cool, which is

1:11:50.840 --> 1:11:54.840
<v Speaker 1>how do you protect your citizens from predatory lenders and

1:11:54.880 --> 1:11:59.040
<v Speaker 1>debt collectors. UM, Well, there's something called eminent domain. Right.

1:11:59.160 --> 1:12:06.639
<v Speaker 1>Eminent domain is where the government right see the hotels,

1:12:06.880 --> 1:12:10.439
<v Speaker 1>se seize the debts that people owe because you're you

1:12:10.520 --> 1:12:12.559
<v Speaker 1>know those those sheets of all of the money. That's

1:12:12.560 --> 1:12:15.160
<v Speaker 1>so that's an asset. That's property that could be seized

1:12:15.160 --> 1:12:22.960
<v Speaker 1>by eminent domain. And E raced UM and we've been

1:12:23.000 --> 1:12:27.600
<v Speaker 1>working working and we've been working with so this. We

1:12:27.680 --> 1:12:32.320
<v Speaker 1>have been working with UM, any leading economist on this.

1:12:32.520 --> 1:12:35.320
<v Speaker 1>And there's a wonderful assemblyman in New York named ron

1:12:35.479 --> 1:12:38.000
<v Speaker 1>King him from Queen's New York Assembly. When we were

1:12:38.280 --> 1:12:42.000
<v Speaker 1>we ron Kim on this idea. UM and so, I

1:12:42.080 --> 1:12:44.320
<v Speaker 1>mean there's so many things. This is this is the thing.

1:12:45.120 --> 1:12:47.839
<v Speaker 1>We have lots of rights on the books that aren't respected.

1:12:47.960 --> 1:12:50.080
<v Speaker 1>I mean that's the story of America, right, It's like

1:12:50.400 --> 1:12:52.080
<v Speaker 1>you know, so I think one thing is people need

1:12:52.120 --> 1:12:55.080
<v Speaker 1>to get organized just to have the rights they have

1:12:55.200 --> 1:12:58.080
<v Speaker 1>on the books enacted. Like that's that's that's true. And

1:12:58.120 --> 1:13:03.080
<v Speaker 1>there's there are consumer protections, um and and things that

1:13:03.280 --> 1:13:05.840
<v Speaker 1>that we can mobilize and organize around. But then there's

1:13:05.880 --> 1:13:09.120
<v Speaker 1>so much that, uh, there's so much that could be

1:13:09.240 --> 1:13:11.800
<v Speaker 1>done if people were actually brave enough to use the

1:13:11.840 --> 1:13:15.200
<v Speaker 1>state power at their disposal. Right, I mean this is

1:13:15.280 --> 1:13:17.800
<v Speaker 1>why we have built this whole movement pointing out the

1:13:17.840 --> 1:13:20.479
<v Speaker 1>fact the Department of Education has the power to cancel

1:13:20.520 --> 1:13:25.040
<v Speaker 1>all student debt, Like, should Democrats control the Department of

1:13:25.200 --> 1:13:29.599
<v Speaker 1>Education next year? Right, We're not going to let them say, oh, sorry,

1:13:29.760 --> 1:13:33.240
<v Speaker 1>Mitch McConnell, won't let us do it. Right, the Republicans

1:13:33.280 --> 1:13:37.320
<v Speaker 1>are obstructing us. We're gonna say no, you actually unilaterally

1:13:37.360 --> 1:13:40.000
<v Speaker 1>have the power, and you're just cowards or worse than that,

1:13:40.320 --> 1:13:43.400
<v Speaker 1>you like to see people suffer. Right, So I think

1:13:43.479 --> 1:13:46.280
<v Speaker 1>this question of what what power do people have? What

1:13:46.439 --> 1:13:48.880
<v Speaker 1>rights do people have that they can you know, fight

1:13:48.920 --> 1:13:51.280
<v Speaker 1>to enact. What power do people have that they should use?

1:13:51.400 --> 1:13:53.960
<v Speaker 1>And then how can we push the envelope and imagine

1:13:54.120 --> 1:13:57.400
<v Speaker 1>using some of these things like eminent domain or you

1:13:57.520 --> 1:14:01.880
<v Speaker 1>know the power of municipal finance to renegotiate the terms

1:14:01.960 --> 1:14:05.799
<v Speaker 1>and start democratizing the economy. Is like where our movements

1:14:05.880 --> 1:14:09.280
<v Speaker 1>need to go next, because I think, you know, victors

1:14:09.360 --> 1:14:12.960
<v Speaker 1>like that are inspiring to people. You know, that's the thing, um,

1:14:14.000 --> 1:14:16.200
<v Speaker 1>and it would terrify Wall Street, which would also be fun,

1:14:17.280 --> 1:14:21.000
<v Speaker 1>super fun my favor. Well, Yo, this was amazing. I

1:14:21.120 --> 1:14:23.040
<v Speaker 1>feel like we need to talk for hours. This is

1:14:23.120 --> 1:14:25.960
<v Speaker 1>set out, but we probably you know what, will probably

1:14:26.320 --> 1:14:28.439
<v Speaker 1>have to ask you to come back on for something else.

1:14:28.479 --> 1:14:30.800
<v Speaker 1>I'm sure I would love that. But we get to

1:14:30.840 --> 1:14:32.679
<v Speaker 1>hang out in person one day, so I would really

1:14:32.760 --> 1:14:37.600
<v Speaker 1>like that when hanging on in person happens again, it

1:14:37.680 --> 1:14:40.879
<v Speaker 1>will happen, I think it's going to happen. But I'm

1:14:40.880 --> 1:14:42.320
<v Speaker 1>so honored to be on here, and I feel like

1:14:42.360 --> 1:14:45.519
<v Speaker 1>I'm talking to like an old friend. So really I

1:14:45.640 --> 1:14:48.360
<v Speaker 1>feel the same. Where can we uh? Where can people

1:14:48.400 --> 1:14:50.320
<v Speaker 1>find you? All? Right? So, well, first of all, so

1:14:50.400 --> 1:14:53.720
<v Speaker 1>what do we do? I've got hospital bills. You got bills, Yes,

1:14:53.800 --> 1:14:56.599
<v Speaker 1>I got bills, hospital bills. So everybody listening, we all

1:14:56.640 --> 1:15:00.120
<v Speaker 1>got bills. What do we do now? W W you

1:15:00.240 --> 1:15:04.400
<v Speaker 1>debt collective dot org, sign up, join the union. If

1:15:04.479 --> 1:15:07.320
<v Speaker 1>you don't have money to pay your dues, that's fine,

1:15:09.360 --> 1:15:11.120
<v Speaker 1>you know. I think it's important that people. I think

1:15:11.120 --> 1:15:13.840
<v Speaker 1>it's important people pages because we don't want social movements

1:15:13.880 --> 1:15:16.559
<v Speaker 1>that are funded by philanthropy, and we don't want social

1:15:16.600 --> 1:15:19.960
<v Speaker 1>movements that are funded by people who are ultimately invested

1:15:20.000 --> 1:15:23.200
<v Speaker 1>in maintaining the status quo. That's why it is important

1:15:23.240 --> 1:15:29.879
<v Speaker 1>that we UH own our organizations. But there are dispute

1:15:29.880 --> 1:15:32.919
<v Speaker 1>tools that you can use for free UH to dispute

1:15:33.040 --> 1:15:37.320
<v Speaker 1>any sort of wage, wage garnishment, so security garnishment, tax

1:15:37.400 --> 1:15:39.600
<v Speaker 1>garnishment you might be suffering if you're in default, to

1:15:39.680 --> 1:15:43.479
<v Speaker 1>dispute any debt in collections UH and join especially the

1:15:43.800 --> 1:15:47.639
<v Speaker 1>student loan that is union, because we want to force

1:15:47.720 --> 1:15:50.120
<v Speaker 1>the hand of the government in the year ahead and

1:15:50.560 --> 1:15:54.519
<v Speaker 1>make them abolish all one point seven trillion dollars of

1:15:54.560 --> 1:15:57.920
<v Speaker 1>student loans. And as someone who has been working on

1:15:58.000 --> 1:16:00.639
<v Speaker 1>this issue for the last eight years, I can tell

1:16:00.640 --> 1:16:03.120
<v Speaker 1>you we're closer than we'd ever thought we'd be. So

1:16:03.320 --> 1:16:06.080
<v Speaker 1>let's push it over the edge and make the Republican

1:16:06.200 --> 1:16:08.600
<v Speaker 1>nightmare come true. Because what they always tweet is what

1:16:08.840 --> 1:16:15.280
<v Speaker 1>you raise? Student loans? What's next? Credit cards? Auto loans? Yes, yes, yes,

1:16:15.760 --> 1:16:17.760
<v Speaker 1>like follow that line all the way through, buddy, that's

1:16:17.760 --> 1:16:22.200
<v Speaker 1>where we're going forever. That's how it should be. Bring

1:16:22.280 --> 1:16:24.439
<v Speaker 1>it back, that's how it should be. Social housing. You

1:16:24.439 --> 1:16:26.160
<v Speaker 1>should be able to live in a home and not

1:16:26.320 --> 1:16:29.519
<v Speaker 1>in a commodity. Your life will be better. But that's

1:16:29.520 --> 1:16:31.840
<v Speaker 1>where they find us. On the internet, where you find

1:16:31.880 --> 1:16:35.840
<v Speaker 1>everything in these days. At debt strike on Twitter. Oh yeah,

1:16:35.880 --> 1:16:39.439
<v Speaker 1>at strike, debt on Twitter, strike on Twitter? Got it? Yeah,

1:16:40.800 --> 1:16:44.280
<v Speaker 1>thank you so much? You really dope talking in here.

1:16:46.800 --> 1:16:56.799
<v Speaker 1>I feel like reparations. Let's get a beat. You waiting

1:16:56.800 --> 1:17:04.120
<v Speaker 1>on reparations? Do and I fighting for collective liberation. Yet

1:17:04.200 --> 1:17:06.000
<v Speaker 1>we're taking on the titans by tell them the big

1:17:06.200 --> 1:17:09.400
<v Speaker 1>bankers we're making any payments for our hospitalizations or our

1:17:09.439 --> 1:17:11.479
<v Speaker 1>cars and work credit card. Tell them they should thank

1:17:11.560 --> 1:17:13.439
<v Speaker 1>us for every dollar they're making up the way the

1:17:13.479 --> 1:17:16.000
<v Speaker 1>ball us different load, can't bay, won't BA have to

1:17:16.040 --> 1:17:18.840
<v Speaker 1>tell them? Louis No from Seattle to Nevada. Louis worked

1:17:18.840 --> 1:17:21.200
<v Speaker 1>a lout b and privatization and the race of that.

1:17:21.360 --> 1:17:23.960
<v Speaker 1>We shouldn't oh straight up abolish it. Give us three

1:17:24.040 --> 1:17:27.160
<v Speaker 1>comments in joblessness to give free healthcare to all of us.

1:17:27.439 --> 1:17:29.720
<v Speaker 1>We can't pay till we won't pay. You not get

1:17:29.800 --> 1:17:32.200
<v Speaker 1>that straight, because together we owned the whole bag. Put

1:17:32.240 --> 1:17:34.360
<v Speaker 1>the lean on my whip. I'm afraid when a part

1:17:34.520 --> 1:17:36.519
<v Speaker 1>at eight team wanted kicks put it straight in the

1:17:36.640 --> 1:17:39.120
<v Speaker 1>car started racking the bill. Still, it was confusing to

1:17:39.160 --> 1:17:41.080
<v Speaker 1>see stuck in my dad up to my neck like

1:17:41.160 --> 1:17:43.560
<v Speaker 1>I'm through in the sea. Couldn't think long term what

1:17:43.680 --> 1:17:46.400
<v Speaker 1>the future could be. No, I can't unlearn the fucking

1:17:46.479 --> 1:17:49.120
<v Speaker 1>users agree, I gotta pay that the hope of my fortune.

1:17:49.120 --> 1:17:50.960
<v Speaker 1>Don't want to say jack with all the old make

1:17:51.040 --> 1:17:52.760
<v Speaker 1>me feel like I'm stuck in a straight jack. But

1:17:52.840 --> 1:17:55.120
<v Speaker 1>then told the state tax the rent wise stays that

1:17:55.400 --> 1:17:57.840
<v Speaker 1>will I survive? I bet if I will. I wish

1:17:57.920 --> 1:18:00.280
<v Speaker 1>that I didn't once I see that medical bill, don't

1:18:01.760 --> 1:18:12.840
<v Speaker 1>jesus damn reph. Hey, my name's dope knife Franca, and

1:18:13.000 --> 1:18:17.400
<v Speaker 1>we are waiting on reparations. Hurry the fuck see you

1:18:17.439 --> 1:18:22.200
<v Speaker 1>guys next week. Waiting on reparations is a production of

1:18:22.280 --> 1:18:25.040
<v Speaker 1>I heart Radio. Listen to Waiting on Reparations on the

1:18:25.120 --> 1:18:28.160
<v Speaker 1>I heart Radio app, Apple podcasts, or wherever you get

1:18:28.200 --> 1:18:28.880
<v Speaker 1>your podcasts.