Difference between revisions of "Income/debt 1.0"

Revision as of 13:00, 29 May 2014

10. Nowadays, debt has become the main mechanism of both economic governance and capital accumulation in Europe. It works as a multilevel system throughout the whole society. We are witnessing how debt is affecting everyone. Workers, students, unemployed: no one is allowed to escape from the new debtfare.

11. Debt and income are the two sides of the same coin, when the very reproduction of life is increasingly tied up with the access to credit, and hence with the rise of private indebtment. This is the most distinctive contraposition of the crisis - a contraposition between private and anonymous debtors and the many indebted. Rating agencies, bankers and financial institutions do not represent us. [F1]

12. The struggle for democracy is about fighting against the blackmailing of public and private indebtment, hence against the policies of austerity dreadful to the many [NOTE: the relation between debt and austerity should be explained]. The challenge is to transform this generalised private indebtment towards the financial few, into a common indebtment of the many towards the many.[F2] Money and finance need to get back in the hands of the democratic many. Basic income is the tool we can use for our common indebtment of the many towards the many. It is the answer to the recognition of the production of wealth as something that we produce in common [F3]. (NOTE: this need to be rephrased and the entry developed)[F3].

footnotes

[F1: The financial system is a war machine to privatise not only social rights, transforming education, health, housing into debts, credits and insurances, but also to privatise political rights. Facing the crisis of the debt, the Troika has been forcing the people to suffer from policies of austerity, reforms of the labour markets, to save creditors and to protect the interest of the few. National economies have been driven into bankruptcy, and finance usurped our right to govern ourselves.)

(F2:The relationship between debt and income is the most significative expression of a destitutive tension against the policies of austerity, as well as an instituent practice intended to shift our understanding of wealth from production to reproduction, from wealth to commonwealth.)

(F3:The commonwealth is made out of the life of human beings, from knowledges to bodies, from relations to sensations, from languages to movements, from sensualities to thoughts: there is always production.NOTE: discuss about commonwelath/commonfare)