Abie's Debt Review

Dan Morgan says:

Your video is great, best communication of the principle of "debt is slavery". Keep up the good work!

phillip pierce says:

The reason student loan debt is so hard to forgive is because political donners pay politicians not to do it. Simple ,huh?

Ethan Rouse says:

Didn’t even watch the video yet it I want to say the thumbnail was fantastic!

autohmae says:

Maybe in your country debt leads to the treat of violence, but I don't think I've ever seen that happen in my country.
A roof above your head is a human right and restructuring and debt forgiveness is just a normal part of society.
Your country keeps amazing me…

Dragons Tooth says:

we take kids who have to make the biggest decision of their lives – what are you going to be when you grow up? – from an environment where they are getting spoon fed (high school) throw them into a crucible where "you're an adult, your on your own now", only tell them about the best bits of the job (cause there are down sides to all jobs) and expect them to thrive with mountains of debt to get a degree that benefits their employer, not them. Their employers need a skilled work force. An engineering company cannot exist without engineers, or a hospital without doctors. If you consider that few people would show up to work on monday, if any, if they still got paid the same to stay home, then yes this is for the employer's benefit … they should pay for it

Travis Biko says:

There are two ways to conquer or enslave a country. The first is the sword and the other is with debt- John Adams

dosmastrify says:

Is this really how most people define violence??

DrNiradino says:

4:00 judging from history, more likely it was "I give you something today, and you return twice as much to me tomorow, or I will send enforcers to beat the debt out of you".

Royal Payn says:

Personally one of the few non socialist ideas I still back is making a person have responsibility for their own future, however the cost at this point is unacceptable. Educated people are mandatory for our future and we should INVEST in that future

Smarkwick says:

I feel this I am currently a freshman robotics engineer student and I love what I learning its valuable to society especially going forward and it pays well yet I will probably be crippled till Im 50 since Ill have like 120k in debt for a BS/MS

Aidan Dryburgh says:

I agree that what this video states is all true, but i'd still argue this is a very one sided argument about the merits of debt. Absolutely, taking on debt means being liable for all the commitments that debt entails, and the fact that this is enforced by the state absolutely means that there is an implicit threat of violence by the state if you fail to meet your liabilities. But I think there are two important points to make here.

Firstly, not all violence is equal. A state is perfectly capable of extracting reparations, moral and capital, in ways that are not physically cruel or unjust. This is coersive use of force, and therefore it is still violence, but it is also an element of the social contract that societies function by. Obviously, whether the method of extraction is crule or unjust lies entirely on the people and systems this punishment is administered by, but its certainly possible).

Secondly, debt is a burden, but it is also a huge opportinity. Debt allows people and institutions access to vast resources they wouldn't be entitled to otherwise, and it can be used to achieve enormous projects. When done right, it can lead to enormous growth, the kind that the skyrocketing quality of life the last 2 centuries of human history can testify to (of course there are still huge societal issues that plague modern times, but when you compare them to the absolute abject poverty people used to live in, it's still astounding). I would never argue that a societies relationship to debt isn't an issue that must scrutinised and ammended constantly. But it is also one of the key foundations of everything (good and bad) about the world we live in.

None of this is to say of course that American Student Debt isn't an issue, because it's getting pretty atrocious

Avianna Reign says:

It's so true it's like you have four options

1. live a life manipulating debt which is what usually what the wealthy does

2. living life saving for everything that you want but you'll be living with the bare minimum while you wait.
3. you don't even make enough to save so you're just living your life with the bare minimum
4. Living your life buying things that make you happy obtaining random debt here or there and you may still be able to pay your bills but you're always broke (I feel like this is how the average person lives who's not wealthy at the moment)

The worst part of it all if you don't have someone in your life to teach you you're not taught how to manage debt, If you were born in this country managing debt should be one of the skills that we are taught before we released into the world our high school year we literally have empty sections of our school schedule where we don't have classes because we're almost done those empty sections could be filled with classes to prepare us to survive in our own country, I truly believe the main reason other people can come from another country and experience the American dream before an actual American is because when they enter our country they don't have any debt these people could be 30 40 years old and debt-free and I know you May think that seems horrible at first but it's like they get better starting place because every American who's the same age as them is probably still playing catch up because of the debt that they're in. You can say you can teach yourself but when you're 18 years old or you're really thinking about how to manage debt by the time you learn you already have a low credit score.

Not an Inquisitor says:

If you ever wonder why things operate they way the do in the US just remember, abuse is the point. If you wonder why the government is reluctant to heed the cries of the impoverished, the abuse is the point. If you wonder why foreign policy involves mostly military operations in poorer nations, the abuse is the point. Cycles of abuse are so normalized that it is almost impossible for the average citizen to recognize the abuse.

Pale Penguin says:

"not while there's blood left in that stone will we stop sqeezing"