debt peonage Archives - Market Mad House

daniel April 2, 2017 Dark Mountain Project, debt peonage, eccentric off-gridders, Low-Tech Utopia, Low-Tech Utopia or Primitive Nightmare, Luddite utopianism, Mark Sundeen, Matthew Secich, Paul Kingsworth, Possibility Alliance, Robert VerBruggen, Rod Dreher, the Amish, The low-tech utopia, The Ugly Side of the 19th Century, The Unsettlers, Why the Low-Tech Utopia will not Work

The Dark Side of Low Technology Utopias

The worst aspect of low tech utopianism is that like most idealists, its practitioners ignore human nature. Like the Communists and Libertarians the low-techers accept the delusion that human weakness can be overcome by simple idealism.

Set in a low-tech 19th Century environment most Americans would behave like Jefferson Davis; the slaving-owning Confederate President, not Thoreau. After all life on the veranda; sipping a mint julip, is far more comfortable than life in the fields.

Long Ideas The Death Spiral

daniel September 6, 2015January 31, 2016 Bernie Sanders, debt peonage, he percentage of Americans identified as “upper income” was lower in 2013 than it was in 2000, Income Inequality, Income Inequality is a threat to Economic Growth, Income Inequality is Real, nearly 10% of Americans can no longer quality for a credit card, Nearly half of all US Households admitted they could not cover an unexpected expense of $400 or more without selling something or borrowing money, Payday Lending, percentage of Americans with no credit cards, Predatory Lending, student loans, The percentage of Americans identified as lower income was higher in 2013 than in 2000, unbanked households

Some Numbers prove that Income Inequality is real and more destructive than you think

The percentage of Americans with no credit cards in 2014 was 29%, up from 22% in 2008 and 20% in 2006, according to a Gallup Survey cited at creditcards.com. If these numbers are correct nearly 10% of Americans can no longer quality for a credit card or feel they cannot pay off the balance.

My Thoughts

daniel February 23, 2015April 20, 2018 debt, debt peonage, debts, Income Inequality, lending, lending club, mortgages, student loan crisis, student loan debt, student loans, subprime mortgages

It Is Easier to Pay off a Mortgage than Student Loan Debt

tudent loan debt is now the most insidious and destructive form of obligation in America. It’s worse than mortgages and possibly even a greater threat to economic stability and individual futures than subprime mortgages were.