Sentences with word «peonage»

But their agenda is to make the economic polarization between creditors and debtors irreversible, ushering in a Dark Age of austerity and deepening debt peonage in which wages, profits and property rents are earmarked to pay interest — on loans that can't be paid in a shrinking economy.

Industrial capitalism has passed through a series of stages of finance capitalism, from Pension - Fund capitalism via Globalized Dollarization and the Bubble Economy to the Negative Equity stage, foreclosure time, debt deflation, and austerity — and now what looks like debt peonage in Europe, above all for the PIIGS: Portugal, Ireland, Italy, Greece and Spain.

Ratha, et al v Phatthana Seafood Co.: Mr. Leopold is part of a Cohen Milstein's Human Rights team representing seven Cambodian plaintiffs who, after being promised well - paying jobs, became victims of human trafficking, forced labor, involuntary servitude, and peonage by factories in Thailand producing shrimp and seafood for export to the United States.

Deepening Debt Crisis: The Road to Debt Peonage If the economy deteriorates in the L - shaped «hockey - stick» rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the store in the first place?

Debts are kept in place, reducing much of the population and nearly entire economies (in Iceland and Greece) to Debt Peonage as the economy grinds to a halt.

@Readin, On consideration, slavery is still on the political spectrum, albeit on a different axis of theft (of human resources), where the extreme would be slavery on one end, moving over to various forms of cruel peonage, then to sweatshops, then to low pay dead end jobs with wage theft, the same without wage theft, the same with benefits, and so on up, the opposite side being no theft at all so that a given laborer is paid their fair share.

They have been tricked into leading the parade on behalf of the financial, insurance and real estate sector — down the road to debt peonage in a monopolized and polarized economy.

Employees can afford homes and other property (and indeed, entire corporations) only by borrowing the purchase price — on terms that involve a lifetime of debt peonage, and indeed (in most countries) bearing personal liability for negative equity when housing prices plunge below mortgage levels.

For wage earners, the result is debt peonage: Whatever they earn, they owe to «the company store.»

Insolvent homeowners in Europe face a lifetime of literal debt peonage to make the banks (even foreign banks, which dominate Central Europe's post-Soviet economies) whole on their bad debts as the continent's real estate prices are plunging even more steeply than those in the United States — some 70 percent in Iceland and Latvia.

Under these conditions the alternative to government planning and regulation of the financial sector becomes a road to debt peonage.

They may be viewed as an object lesson for a dystopian future of debt peonage.

Today a free market means that predators are free to extort any price from the public, they are free to deregulate, free to lie to consumers, free to exploit, free to load any company they want down with debt, and basically lead (us) to a world of debt peonage... So the whole concept of freedom has been turned upside down by the Chicago school and by the Bush administration.

So people don't even have a chance to express a democratic alternative to essentially being ground down by debt peonage and letting the economy polarize even further between creditors and debtors.

Their financial surrender policy endorses the European Central Bank's lobbying for the neoliberal deregulation that led to the real estate bubble and debt leveraging, as if it were a success story rather than the road to national debt peonage.

The liberty in question originally was from debt peonage.

Q: How has the financial system evolved into the form of economic servitude that you call «debt peonage,» negating democracy as well as free - market capitalism as classically understood?

To continue growing, China needs to keep its balanced socialized economy free of the West's Bubble Economy and its descent into negative equity and debt peonage.

The preferred alternative of Hayek's neoliberal followers is today's financial Road to Debt Peonage.

China's policy makers need to bear in mind that neoliberal (that is, pro-financial) Western advice has steered its own economies down the road to negative equity and debt peonage.

Now that rentier property ownership is developing in many ways like the West, the task of the coming generation is to make sure that China remains free of the real estate and financial bubble that has left entire Western economies in debt peonage and negative equity.

The aim was not to help strapped homeowners but to save creditors who imagined that they could get rich while most of the economy was being driven into debt peonage.

But what has most intrigued Europe's ruling class is its tax favoritism that has created a Bubble Economy (euphemized as a Tiger Economy to make a debt - leveraged real estate bubble appear as if it were a road to wealth rather than to debt peonage).

HEDGES: So, we spoke in the first segment about the parasitic quality of the banks, hedge funds and the speculative class that has in essence cannibalized the country — including, interestingly, industry itself, and forced down the throats of the American public an unsustainable debt peonage, whether that's through student loans,...

Deemed as critical for maintaining the afforded livelihood of the Planter class, Prohibitions were enforced thru Lynching, Branding, Peonage, and Whippings.

Ownership of people is generally prohibited (this is called «human trafficking», «slavery» or «peonage»).