Strike Debt!

// Posted by on 03/25/2013 (9:24 PM)

A quick look at the image above offers some pretty shocking statistics about the amount of debt that our citizens face, these statistics show that a drastic change is needed in our governments to correct this growing debt problem. The Occupy Wall Street movement looks to implement this dramatic change.

Every one has heard of the occupy wall street movement that swept the nation and brought millions together behind a common goal, to eliminate inequalities faced by the famed 99%. The Occupy movement used the internet to spread its message to the world and was the starting point for Occupy movements across the world, one such movement is an Occupy offshoot called Strike Debt.

Strike Debt is a non profit organization that was started as a result of the Occupy movement. On their official website they state “Debt resistance is just the beginning. Join us as we imagine and create a new world based on the common good, not Wall Street profits.” This grassroots organization says it has abolished over 1 million in medical debt, saying that the medical industry and debt in general is “an industry designed to confuse, overwhelm, and exploit.” The organization is a Rolling Jubilee project that buys debt for pennies on the dollar and then destroys the debt. for a more indepth explanation check out this short youtube video. By using donations this organization will try to abolish millions of dollars in debt caused by unfair wall street practices. For more information on this movement you can visit their facebook page, or their blog.

While the Occupy movement itself is impressive I believe that the use of a common goal to unite people thousands of miles away from another is a feat in itself. The Occupy movement was so successful itself, and at creating other movements, such as the Strike Debt organization, because of  the use of a 3rd space, the internet, to connect people in a common goal no matter their location or social standing. The use of internet propaganda and social networking is the main reason why this movement was so popular. As globalization increases and internet users are more interconnected it is an intriguing question to ask, whats next? Will the strike debt movement really be able to abolish millions of dollars in debt, and bring more equality to the 99%? To find out the answers we turn to the internet, just more proof that the internet is a 3rd space that brings the global community closer all the time.


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Sam said...

I really like that last point-”While the Occupy movement itself is impressive I believe that the use of a common goal to unite people thousands of miles away from another is a feat in itself.” Frankly, I think something like Strike Debt is pretty ignorant and ambitious in that the debtors do not take any of the creditors’ interests into account (e.g. I can sympathize, but let’s be real). That being said, the statement made by having so many people unite on a front such as Strike Debt cannot go unnoticed, and therefore carries its own utility.

// 03/25/2013 at 9:41 pm