On Contact: Economic disobedience and debt abolition

On Contact debt

On the show this week, Chris Hedges discuss economic disobedience and debt refusal with Thomas Gokey from Debt Collective.

Most people in the United States are burdened by staggering amounts of debt. They accrue mounting debt because they are forced to debt-finance healthcare, education, housing, and even the cost of their own incarceration. When they fall behind on payments, banks, credit card companies, and collection agencies impose steep penalties, exorbitant interest rates, and loan denials, along with decimating their credit scores, forcing the destitute into the arms of payday lenders who charge as much as 800% on short-term loans.

Watch: Here