This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here.
The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away. Not so with students. Their loan rates are high and if they cannot pay, their debts are not normally dischargeable in bankruptcy. Rather, the debts compound and can dog them for life, compromising not only their own futures but the economy itself.
Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.
The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part: Continue reading →
The natural instinct of human beings is towards cooperation and sharing, but, distorted by competition, personal ambition and nationalism, self-interest and greed have become preeminent motivating forces, distorting action and corrupting the policies of governments.
On this week’s episode of On Contact, Chris Hedges is joined by Diane Ravitch, former assistant secretary of education under President George H.W. Bush and author of Reign of Error: The Hoax of the Privatization Movement and the Danger to America’s Public Schools. RT Correspondent Anya Parampil looks at the growth of the charter school industry.
Mohsen Abdelmoumen: Your book Conjuring Hitler received a laudatory criticism of our friend Peter Dale Scott. Moreover, I share the view of this great intellectual on the fact that this book is essential in the work of historical research. How did you arrive at conclusions against the flow of the historians of the establishment, namely that Hitler was made by the United States and Great Britain and that World War II was inevitable?
Given the retrograde pits inhabited by our ruling politicians and the avaricious over-reach of myopic big-business bosses, the self-described pillars of our society must step up to reverse the decline of our country. Here is my advice to each pillar: Continue reading →
On this week’s episode of On Contact, Chris Hedges travels to Cambridge, Massachusetts for a conversation with America’s most important intellectual, Professor Noam Chomsky. In Part I of their conversation, Chomsky discusses the adverse effects of neoliberalism on the working class, as addressed in his book, Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power.
On this week’s episode of On Contact, Chris Hedges is joined by Larry Hamm, Chairman of the People’s Organization for Progress. They discuss the history of oppression of African Americans in the U.S. and the relentless struggle for racial equality. RT Correspondent Anya Parampil looks at how Americans continue to erase uncomfortable parts of their past.
Students usually don’t think of themselves as a class. They seem “pre-class,” because they have not yet entered the labor force. They can only hope to become part of the middle class after they graduate. And that means becoming a wage earner – what impolitely is called the working class.
It was the school holidays and there were lots of teenagers in my local park. I sometimes spot them meandering home, but I rarely see them en masse as it were. Blind to the bluebells, peacocks and glories of nature all around us, they were glued to their palm-sized screens. What were they so engrossed in – some kind of game or trivial video, a map of the park perhaps, unnecessary given the proliferation of signs? Are they texting, e-mailing, or trawling through the Internet, or all of the above? If one did not know what these shiny seductive objects were, one might think that they controlled the person, rather than the other way round. And to a large degree they do.
On this week’s episode of On Contact, Chris Hedges discusses how to salvage the American education system with Nikhil Goyal, author of “Schools on Trial: How Freedom and Creativity Can Fix Our Educational Malpractice”. RT Correspondent Anya Parampil explores the regimentation of education spurred by the No Child Left Behind Act.
On this week’s episode of On Contact, Chris Hedges explores the rise of a new McCarthyism with Professor Ellen Schrecker, author of “Many are the Crimes: McCarthyism in America”. They examine the role of President Elect Donald Trump and the impact the suppression of dissent has had on higher education. RT Correspondent Anya Parampil looks at a few recent examples of targets of this new McCarthyism.
THE 2016 presidential election has created an environment where millions of people who are sympathetic to socialism will be pressured to choose between the revolting and ridiculous Republican bigot Donald Trump and the supposed “lesser evil” Hillary Clinton.
In this episode of Days of Revolt, host Chris Hedges discusses the militarization of higher education institutions with journalist Alexa O’Brien. They uncover the trail of money and influence from the national security state to college programs. Hedges and O’Brien identify the ways in which this apparatus has long been in effect, and what it could mean for the future.