Breaking the Chains of Debt Peonage
By Chris Hedges
Truthdig.com
Feb 3, 2013 – The corporate state has made it clear there will be no more Occupy encampments.
The corporate state is seeking through the persistent harassment of activists and the passage of draconian laws such as Section 1021(b)(2) of the National Defense Authorization Act—and we will be in court next Wednesday to fight the Obama administration’s appeal of the Southern District Court of New York’s ruling declaring Section 1021 unconstitutional—to shut down all legitimate dissent.
The corporate state is counting, most importantly, on its system of debt peonage to keep citizens—especially the 30 million people who make up the working poor—from joining our revolt.
Workers who are unable to meet their debts, who are victimized by constantly rising interest rates that can climb to as high as 30 percent on credit cards, are far more likely to remain submissive and compliant.
Debt peonage is and always has been a form of political control. Native Americans, forced by the U.S. government onto tribal agencies, were required to buy their goods, usually on credit, at agency stores. Coal miners in southern West Virginia and Kentucky were paid in scrip by the coal companies and kept in perpetual debt servitude by the company store. African-Americans in the cotton fields in the South were forced to borrow during the agricultural season from their white landlords for their seed and farm equipment, creating a life of perpetual debt. It soon becomes impossible to escape the mounting interest rates that necessitate new borrowing.
Continue reading Usurious Credit and Debt as Our Prison Cages
Even as Republicans in key states such as Michigan, Ohio, Florida and Virginia came out against this election-rigging plan, however, Pennsylvania Republicans have been eerily quite. We now know why. According to the New Castle News a local paper in western Pennsylvania, Senate Majority Leader Dominic Pileggi (R) will introduce legislation this month that will effectively give away a large chuck of Pennsylvania’s electoral votes to the Republican presidential candidate, regardless of who wins the state as a whole.




