March 13: Book Event, Creditocracy

The Institute for Public Knowledge invites you to join them for a discussion with Andrew Ross and Randy Martin on Ross's new book Creditocracy: And The Case For Debt Refusal.
Thursday, March 13, 6:00 - 8:00 pm
20 Cooper Square, 5th Floor

Ross contends that we are in the cruel grip of a creditocracy - where the finance industry commandeers our elected governments and where the citizenry have to take out loans to meet their basic needs.  The implications of mass indebtedness for any democracy are profound, and history shows that whenever a creditor class becomes as powerful as Wall Street, the result has been debt bondage for the bulf of the population.

Following in the ancient tradition of the jubilee, activists have had some success in repudiating the debts of developing countries.  The time is ripe, Ross argues, for a debtors' movement to use the same kinds of moral and legal arguments to bring relief to household debtors in the North.  After examining the varieties of lending that have contributed to the crisis, Ross suggests ways of lifting the burden of illegitimate debts from our backs.  Creditoracy outlines the kind of alternative economy we need to replace a predatory debt-money system that only benefits the 1%.

This event is free and open to the public.  Please RSVP.