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Book cover for Debt: The First 5,000 Years
Actually, the remarkable thing about the statement “one has to pay one’s debts” is that even according to standard economic theory, it isn’t true. A lender is supposed to accept a certain degree of risk.
Kevin Carson
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Kevin Carson
The enormous interest rate on credit card debt is to cover default risk, because it's unsecured debt. So discharging it in bankruptcy should be pretty much pro forma.
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Bob Black
“Among themselves they quibble over the details. Unions and management agree that we ought to sell the time of our lives in exchange for survival, although they haggle over the price. Marxists think we should be bossed by bureaucrats. Libertarians think we should be bossed by businessmen. Feminists don't care which form bossing takes so long as the bosses are women. Clearly these ideology-mongers have serious differences over how to divvy up the spoils of power. Just as clearly, none of them have any objection to power as such and all of them want to keep us working.”
Bob Black, The Abolition of Work

David Hume
“But the life of a man is of no greater importance to the universe than that of an oyster.”
David Hume, On Suicide

Noam Chomsky
“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum....”
Noam Chomsky, The Common Good

David Graeber
“The ultimate, hidden truth of the world is that it is something that we make, and could just as easily make differently.”
David Graeber, The Utopia of Rules: On Technology, Stupidity, and the Secret Joys of Bureaucracy

Woody Allen
“I don't want to achieve immortality through my work; I want to achieve immortality through not dying. I don't want to live on in the hearts of my countrymen; I want to live on in my apartment.”
Woody Allen, The Illustrated Woody Allen Reader
tags: life

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Reading group on the relationship between worker cooperatives and unions as both means of creating workplace democracy
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