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496982 NLFXXX10.1177/1095796013496982New Labor Forum XX(X)Ross research-article2013 On the Contrary New Labor Forum 22(3) 12 –15 Copyright © 2013, The Murphy Institute, The Politics of Debt City University of New York Reprints and permissions: Resistance sagepub.com/journalsPermissions.nav DOI: 10.1177/1095796013496982 nlf.sagepub.com Andrew Ross Keywords debt, austerity, capitalism, privatization, politics Like others who committed themselves to the entwined, and always have been. The use of debt fledgling debtors’ movement, I have experienced to deepen every form of labor exploitation has the major occupational hazard of single-issue been systematic, from the debt peons and debt activists—we tend to see our issue everywhere. slaves of antiquity, forced by creditors to bond Oftentimes, it is the only thing we see, and our their labor through servitude, down to the share- more ecumenical allies have to find ways to croppers of yesteryear, unable to pay off loans remind us, either gently or more rudely, that advanced on their harvests, or the factory workers issues and struggles are always connected. That subsisting on company scrip, to today’s transna- said, debt really is everywhere right now. No one tional migrants, toiling to work off their transit can ignore how prominently it is featuring in the and recruitment fees; the
New Labor Forum – SAGE
Published: Sep 1, 2013
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