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Can't Pay, Won't Pay: The Case for Economic Disobedience and Debt Abolition

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Description

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. Read more

Publisher ‏ : ‎ Haymarket Books (October 20, 2020)


Language ‏ : ‎ English


Paperback ‏ : ‎ 170 pages


ISBN-10 ‏ : ‎ 1642592625


ISBN-13 ‏ : ‎ 27


Item Weight ‏ : ‎ 7.2 ounces


Dimensions ‏ : ‎ 5.2 x 0.7 x 7.4 inches


Best Sellers Rank: #235,615 in Books (See Top 100 in Books) #47 in Credit Ratings & Repair (Books) #150 in Government Social Policy #268 in Sociology of Class


#47 in Credit Ratings & Repair (Books):


#150 in Government Social Policy:


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If you place your order now, the estimated arrival date for this product is: Tuesday, Mar 4

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Top Amazon Reviews


  • Timely, Visionary, Hopeful
This book grounds is in history and is very understandable for readers without any background in finance. It is encouraging and strategic.
Reviewed in the United States on June 13, 2022 by C

  • Blame others, shirk responsibility, moral hazard
There is an economic moral hazard in failing to pay debts that are owed. Our economy works when it is based on property rights, enforceable contracts and access to credit to become educated, buy homes and start businesses. Every market has bad consumers and that includes people who take out debt. They did not do their due diligence before taking on this debt burden. It is not the fault of other taxpayers to cover their mistakes. The message is shirk individual responsibility and blame others for your mistakes. ... show more
Reviewed in the United States on January 25, 2024 by N Carter

  • This book promotes not paying bills you incur
I find it difficult to support ideology promoted by this book to purposely ignore debt you contractually obligated yourself to, after you borrowed money. When you reach the age of majority as an adult and you sign onto loans, you make the decision to be legally responsible for paying them back. It would also be difficult to expect people who made the decision not to attend college and incur debt, to pay to support those who did. Somehow this debit has to be absorbed by others whether its increased by banking fees, interest rates, etc. Ignoring a college loan would be similar to not paying your mortgage loan after the purchase of a house. The only difference is this is the purchase of an education. ... show more
Reviewed in the United States on January 26, 2024 by Susie Q

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