Debt abolitionist Astra Taylor discusses how capitalism’s manufactured insecurity can feed movements for radical change.
Yellow cab taxi drivers block traffic in a protest demanding debt forgiveness for cabbies hit hard by the coronavirus pandemic in New York City, on February 10, 2021.Capitalism is a socioeconomic system that depends upon exploitation and generates inequality. In a recently published book titled,, filmmaker, writer and political organizer Astra Taylor also describes capitalism as an inherently insecurity-producing machine.
Looking back over the centuries to the dawn of the industrial era, I show how capitalism began by making people insecure in this modern sense — by severing people from their communities and traditional livelihoods so they had nothing to sell but their labor. We see this dynamic playing out today, as officials pursue monetary policies explicitly designed to weaken the hand of workers. That’s the manufactured insecurity at work.
In the book, I argue that insecurity can cut both ways. It can spur defensive and destructive compulsions, or it can be a conduit to empathy, humility, belonging and solidarity. We see this all the time. The right wing knows this and is dedicated to inflaming people’s insecurities, encouraging them to misdirect their rage toward the even-more-vulnerable — rather than toward the economic system and the elites who profit from the status quo.
In the book, I return again and again to a core paradox. As I write, “Today, many of the ways we try to make ourselves and our societies more secure — money, property, possessions, police, the military — have paradoxical effects, undermining the very security we seek and accelerating harm done to the economy, the climate, and people’s lives, including our own.”
We reject the idea of “debt forgiveness” because debtors did nothing wrong. People don’t need to be forgiven for pursuing an education — for wanting to learn or to better their lives. This is why the Debt Collective prefers to speak of debt “cancellation,” “relief” or “abolition.”
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