#debt trap

[alwaysbewoke]

#imf #world bank #bretton woods #economic enslavement #debt trap #african countries #independence #marshall plan #economic imperialism

[eternalistic]

The stark brutality of chattel slavery is absent in today's world, but the systemic inequities and hidden forms of economic control persist, albeit in different forms. By comparing the conditions of historic slaves with modern working-class people it becomes apparent that economic exploitation and wealth disparity need to be at the forefront of today's political discourse.

Continuities:

Labor exploitation: Both systems extract disproportionate value from a specific group's labor for the benefit of others. Slaves were forced to work without compensation, while many modern workers face low wages, precarious employment, and limited bargaining power, leaving them susceptible to exploitation.

Wealth disparity: Both systems exacerbate wealth inequality. Slaves had no ownership of their labor or its fruits, while the wealth generated by modern workers often concentrates at the top of the economic pyramid, creating a widening gap between rich and poor.

Limited mobility: Both systems restrict upward mobility for the exploited group. Slaves were legally bound to their owners, while modern systemic barriers like discriminatory hiring practices, inadequate education, and debt-based control can confine individuals to lower economic strata.

Psychological impact: Both systems can inflict psychological harm. Slaves endured constant dehumanization and fear of violence, while modern workers can face chronic stress, anxiety, and powerlessness due to precarious employment and economic insecurity.

Transformations:

Formal freedom: Modern workers have legal freedoms and autonomy denied to slaves. They can choose their employers, negotiate wages, and participate in civic life.

Social mobility channels: While limited, some avenues for upward mobility exist in modern society through education, skills training, and entrepreneurial ventures, which were largely unavailable to slaves.

Social safety nets: Modern societies typically have some form of social safety net, albeit often inadequate, providing limited protections like unemployment benefits or healthcare access, which were absent for slaves.

Transformation of control: Control in modern systems is often more subtle and diffuse, operating through debt, lack of ownership, and market forces rather than overt coercion.

Hidden "Economic Slavery":

The concept of "economic slavery" suggests that modern systems can still perpetuate forms of exploitation similar to historical slavery, albeit less visibly. This can manifest in:

Debt traps: Predatory lending practices and high-interest rates can trap individuals in cycles of debt, effectively controlling their labor and choices.

Wage theft: Employers who deny overtime pay, minimum wage, or other earned wages essentially steal from their workers.

Exploitative labor practices: In some industries, migrant workers or marginalized groups face unsafe working conditions, low wages, and limited legal protections, resembling forms of forced labor.

Limited ownership: Lack of access to affordable housing, land, or productive assets limits economic agency and perpetuates dependence on wage labor.

Unveiling and Addressing Systemic Inequities:

Acknowledging the continuities and transformations is crucial for addressing the enduring legacies of economic exploitation. We need to:

Strengthen workers' rights: Promote fair wages, secure employment, and protections against exploitation.

Reduce wealth inequality: Implement progressive taxation, address wage gaps, and promote wealth-building opportunities for marginalized groups.

Increase social mobility: Invest in education, training, and infrastructure to provide equal opportunity for upward mobility.

Challenge systemic biases: Address discriminatory practices in hiring, lending, and access to resources.

Support worker movements: Encourage worker organization and collective bargaining to empower workers and advocate for their rights.

By recognizing the hidden forms of economic control and tackling their root causes, we can work towards a more equitable future where everyone has the opportunity to benefit from their labor and participate fully in society.

#Economic Slavery #Debt #Work #Justice #Slavery #exploitation #Wage Slavery #Debt Trap #Wealth Gap #Worker Rights #Economic Justice #Systemic Inequality #Modern Slavery #Labor Exploitation #Close The Gap #Fair Wages #Equitable Future #Workers Unite #labor creates all wealth #society

[themandazepanda]

#go fund me #go fund me campaign #debt trap #debts #personal debt #debt help #debt #tory cunts #tory britain #tory scum #energy crisis #cost of living crisis #charity ninja #charity case #charity #signal boost #mutual aid #mutuals #lost in new who dis #lost in new #please consider helping #help us out #we need help #help #grateful #thank you #funny #humor #humour #funny cos it's true

[indizombie]

As the Burmese military junta wilts under growing global pressure, collapsing economy and mounting insurgencies, it will draw closer to China, which strongly backs the junta. The military regime has already cleared 15 mega infrastructure projects funded by China since the February 2021 coup, drawing Myanmar into a substantial Chinese debt trap. The Burmese generals are totally dependent on Chinese support to protect their back at the UN and in other global forums. With the Chinese entrenching themselves firmly in Myanmar’s economy and defence sectors, Indian worries over the security implications for its sensitive Northeast will grow.

Subir Bhaumik, ‘Myanmar issue bad news for act East thrust’, Indian Express

#Indian Express #Myanmar #India #Northeast India #military junta #China #debt trap #UN

[epitome-the-burnkid-viii]

Awakening news updates suppressed by the establishment and much more! Shared daily!!! Come find my show #SupplementalBroadcast 🎱 #youtuberecommendedchronicles🔮 on YouTube & Rumble! New episodes posted regularly!!! 🧩🕯️🎟️ #Censorship #Politics #Truth #Commentary #Science #TheGreatAwakening 🪬🙏🧿

#youtuberecommendedchronicles🔮 #us dollar #national debt #debt trap #debt #economy #Youtube

[munaeem]

The Myth of the Chinese Debt Trap in Africa

In recent years, there has been a growing narrative that China’s involvement in Africa comes with strings attached, particularly in the form of a so-called “debt trap.” However, upon closer examination, this notion appears to be more of a myth than a reality. One of the key arguments behind the Chinese debt trap theory is that African countries are burdened with unmanageable debt due to loans…

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#Chinese Debt Trap #debt trap #economy

[fastlane-freedom]

Mastering Debt Freedom: The ABCs of Getting Out of Debt

In today’s world, many individuals find themselves burdened with debt, making it essential to understand the ABCs of getting out of debt. Whether you are facing credit card debt, student loans, or any other financial obligations, this article aims to provide you with a detailed guide on how to regain control of your finances. By following these steps, you can pave the way to a debt-free future…

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#financial discipline #debt reduction #money #debt repayment #debt #debt consolidation #debt management #debt-free living #debt trap #debt-free journey #how to manage debt #debt relief #debt free #money management #financial freedom #credit card debt #how to achieve debt free life #personal finance #financial planning #financial literacy #budgeting

[optimisticheartkingdom]

Is China The Colonial Power Of 21st Century? Understanding the 'Debt Trap Diplomacy' Of China

#geopolitics #communist party of china #china lockdown #south china sea #debt trap

[hemantjimin]

5 ways to avoid getting into debt

5 ways to avoid getting into debt

When people save money, what do they usually do? Because of a better lifestyle tomorrow, they sacrifice what they want today. People can now fulfill their wishes as they arise with the help of credit cards, monthly installments and loans. To meet their needs, people now are comfortable being in debt. It’s possible, however, that this level of ease can cause things to spiral out of control,…

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#debt #debt trap #financial advice #Personal Finance

[wdtom]

Credit Cards, NBFCs-RBI Guidelines with key Highlights

Credit Cards, NBFCs-RBI Guidelines with key Highlights

Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 RBI’s has issued Directions on April 21, 22 regarding CONDUCT OF CREDIT CARD BUSINESS along with GENERAL GUIDELINES FOR CREDIT AND DEBIT CARDS. RBI guidelines/directions have come at a time when the card issuers are engaged in all-round mis selling of cards, leading customers to a debt trap . Media is full of…

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#airbiopf #banks #credit card #Debit card #debt trap #NBFCs #RBI new guidelines

[calistozom]

I'm back with my cambion and with a lil bit of completely useless information about him. And also a bit of my pain from the prev weekend. I usually spend it on all sorts of small sketches and other joys, but this time I decided to spend it on suffering and another attempt at animation (down bellow)…

So, Nazir is a devilish clerk whose distorted parody of a heart entirely belongs to the world of financial frauds, pyramids and other small scams aimed not so much at murder or robbery, but at spreading discord in society everyday life. His a very "fell in love with his work"-kinda guy, who picks up the same "fallen" servants (well, or those who can be persuaded to fall).

#inspirited by #baldurs gate 3 #cambion-patron #and his contractor Vixy #trapped in gold #also... #Inner Circle... #For the sake of your endless devotion and care I will destroy the world and the economy itself. Deal. #Outer Circle... #A gold coin brought you into my net and now you are forever in my debt. #You will fall with me into the abyss. little lamb.

[themandazepanda]

Please PLEASE help if you can. Even if you just reblog. I have so many followers on here if you all just reblogged it might reach a bigger audience.

A little background info - I left my abusive partner when my little girl turned one. He’s left me in debt, with bailiffs chasing me. Now with the energy crisis I’ve got bailiffs from them too.

He pays no support - outright refuses. I’m trying to get back into work as I can’t afford to survive like this but I have no family that can help out and the times she’s in nursery don’t help in the job search.

Anyway. Please donate if you can. Reblog if you can. Or tag people that you know can help

Thank you. Amanda & Isabelle

#donationsblog #please consider donating #donate if you can #please consider helping #we need help #charity ninja #charity case #charity #go fund me #fund me #reblog #charity blog #debt trap #personal debt #debts #debt help #energy crisis #cost of living crisis #lost in new #boost #signal boost #financial aid #mutual aid #crowdfunding #crowdsourcing

[indizombie]

'My grandfather, who was a field labourer, borrowed two rupees from the bania of the village in which he lived. The bania retained one of the rupees as advance interest car one year, and made my grandfather put his thumb-mark to an entry in his bhai khata (register of account). When my grandfather was able to do so from time to time, he paid the bania a few annas by way of interest. On the death of my grandfather my father took over the debt, which then amounted to fifty rupees. During my father's lifetime the debt increased to one hundred and fifteen rupees. In the meantime the old bania died and his son, who reigned in his place, sent for me when my father died and informed me that as the family debt now amounted to a considerable sum it would be necessary for me to give him a stamped and duly executed document. This I did, and as I had no money to pay for the stamped paper and for the registration of the document the bania advanced the required amount and added it to the debt, which together with interest now amounted to 130 rupees. As a special favour the bania consented to reduce the interest to 25 per cent. This favour he granted me on condition that my wife and I helped him each year to harvest his crops, until the debt was paid in full. This agreement, for my wife and I to work for the bania without wages, was written on another piece of paper to which I put my thumb-mark. For ten years my wife and I have helped to harvest the bania's crops, and each year after the bania has made up the account and entered it on the back of the stamped paper he takes my thumb impression on the document. I do not know how much the debt has increased since I took it over. For years I was not able to pay anything towards it, but since I have been working for you I have paid five, seven, and thirteen rupees-twenty-five rupees altogether’.

Jim Corbett, ‘Budhu’

#Budhu #Jim Corbett #India #debt trap #illiteracy

[epitome-the-burnkid-viii]

Awakening news updates suppressed by the establishment and much more! Shared daily!!! Come find my show #SupplementalBroadcast 🎱 #youtuberecommendedchronicles🔮 on YouTube & Rumble! New episodes posted regularly!!! 🧩🕯️🎟️ #Censorship #Politics #Truth #Commentary #Science #TheGreatAwakening 🧿🙏🫶🏼

#youtuberecommendedchronicles🔮 #national debt #debt trap #Youtube

[mikkeneko]

Consider: Cang Qiong High School Host Club.

.....Huh.

Hmmmm.

#the funny thing is this would almost have to star shen jiu as haruhi? #if we're looking at the one poor kid among all the rich trust fund babies #either that or SY and SJ have to be the twins‚ which does do weird things to the different roles & relationships #like. if SJ does not come from a street kid background then why is he Like That #hmm maybe there was a Parent Trap situation where the twins got split up between the parents #and SY went with a parent who was fairly decent and SJ went with a parent who was ... not #and they were reunited in high school? #they wouldn't be able to pull off the Hitachiin interchangeable double act #but they might get some mileage out of a good twin-bad twin act instead #okay let's try SY and SJ as the twins and Luo Binghe as Haruhi #Yue Qingyuan as the well-meaning but kind of a himbo club leader #Liu Qingge as Mori perhaps? he doesn't fit great as Kyouya -- not manipulative enough #But then again Shang Qinghua and Mobei-jun would best fit Hani and Mori's weird codependency thing #so that does leave the role of the SIC for Liu Qingge #I don't think the roles all line up exactly -- we may have to combine or split out some #I feel like the demon characters have got to be in some kind of a rival club #but it's been a while since I've seen OHSHC so I can't recall most of the plotlines #either way Luo Binghe accidentally breaks something #and gets co-opted into the host club to work off his debt #this solution was proposed by SY and Luo Binghe went '....okay!' #then unfortunately. he met shen jiu #ouran high school host club crossover #scum villian self saving system

[jordankennedy]

I hope Magnus protocols shows off buried avatars and what they can do a bit more

I think about 152 often (Hezekiah my beloved)

i love the buried soooo much one of my all time favorite entities and i would have done ANYTHINGGGG to have some recurring avatars there are so many random one-off buried people that we never see anything else from and the lost potential makes me mad as fuck

#even outside of statement givers. like mr wakely obviously and karolina gorka and laura popham even enrique macmillan #but there was also the old guy in bucoda that spit mud at jackson ellis in 97 and the 'governor' from 50 that trapped someone in a wall #and the debt collection guys with the waterlogged office in 129 #THAT SHIT IS COOL. COME BACKKKKK