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Can't Pay, Won't Pay  By  cover art

Can't Pay, Won't Pay

By: The Debt Collective,Astra Taylor - foreword
Narrated by: Nancy Peterson
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Publisher's Summary

Debtors have been mocked, scolded, and lied to for decades. We have been told that it is perfectly normal to go into debt to get medical care, to go to school, or even to pay for our own incarceration. We’ve been told there is no way to change an economy that pushes the majority of people into debt while a small minority hoard wealth and power. The coronavirus pandemic has revealed that mass indebtedness and extreme inequality are a political choice. 

In the early days of the crisis, elected officials drew up plans to spend trillions of dollars. The only question was: where would the money go and who would benefit from the bailout? 

The truth is that there has never been a lack of money for things like housing, education, and health care. Millions of people never needed to be forced into debt for those things in the first place. 

Armed with this knowledge, a militant debtors movement has the potential to rewrite the contract and assure that no one has to mortgage their future to survive.

Debtors of the world must unite. As isolated individuals, debtors have little influence. But as a bloc, we can leverage our debts and devise new tactics to challenge the corporate creditor class and help win reparative, universal public goods. Individually, our debts overwhelm us. But together, our debts can make us powerful. 

©2020 The Debt Collective (P)2020 Blackstone Publishing

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Recommended Readings

This book did a really good job at explaining the debt relationships that we have in not just the American economy but global economy. The book felt like it was an expansion of the book Debt: The First 5000 Years by the late David Graeber. By far one of the best reads on historical debt based systems. This book however focuses on the current systems in place. Which reading David’s book will help anyone better understand this book.

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Must read for social change

Critical to our capacity as a society to stay afloat and thrive is a restructuring of how our society operates - no big changes, just restricting the preeminence of institutions who are involved in the world of finance as well as local, state & federal budgets. Audits of city finances will bring the clarity we need. Thank you!!

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Low quality writing, overly ideological, Dishonest

I know it's easy to disregard negative reviews, so I want to preface I am, and have always been, firmly on the left. I'm not a capitalist sycophant, I believe our institutions are flawed, and I know we need change.

But, this is the worst book I've ever listened to.

They occasionally stumble upon real problems, but rarely offer solutions. The few solutions they do offer are supported by nothing more than wishful thinking and drenched in virtue signals. It genuinely reads like a tantrum from a frustrated student struggling to get a high paying job with their critical theory degrees.

Don't waste your credit.

1 person found this helpful