Private debt
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Joe Biden Could Cancel Student Debt for Everyone Right Now
29 July 2023 - by Ben Beckett
Earlier this month, the Biden administration automatically discharged student debt for more then 800,000 borrowers. The move shows that, if he wanted to, Joe Biden could cancel debt for everyone else right now. He’s not doing that. Good news: (...) -
The Supreme Court Doesn’t Have the Final Say on Student Debt
21 June 2023 - by Matt Bruenig
If the Supreme Court rules against Joe Biden on student debt, it will be a major blow. But there is a more straight forward path for Biden to unilaterally forgive a lot of student debt. In August of last year, Joe Biden announced that a (...) -
Morocco: The protest march on December 4, 2022, and its background
12 December 2022 - by Eric Toussaint, Jawad Moustakbal
On Sunday, December 4, 2022, a national march was organised in the city of Rabat. It brought together some 3,000 people under the slogan “All together against the high cost of living, oppression, and repression”; it was organised by the national (...) -
History RePPPeated II : Why Public-Private Partnerships are not the solution
5 December 2022 - by Collective, Eurodad, Afrodad, Latindadd, ODG (Observatorio de la Deuda en la Globalización)
As CADTM, we publish this report but our demands on the issue are more radical: we call for an end to all forms of privatisation and to all public-private partnerships. In 2018, our report History RePPPeated – How Public-Private Partnerships (...) -
Colombo Declaration
4 December 2022 - by CADTM
We, the participants of the 9th CADTM South Asia meeting from Bangladesh, India, Nepal, Pakistan, Sri Lanka, as well as from Morocco, Belgium, Spain and France, assembled in Colombo, Sri Lanka, from December 2–4, 2022, reaffirm our fight against (...) -
CADTM South Asia workshop
25 November 2022 - by CADTM
Committee for Abolition if Illegitimate Debt (CADTM) South Asia Law & Society Trust (LST, Sri Lanka) and the Movement for National Land and Agricultural Reform (MONLAR, Sri Lanka) COLOMBO, FRIDAY 02 – SATURDAY 03 DECEMBER 2022 The (...) -
Heavily indebted Humans Deserve Debt Relief (Just as Nations Do)
4 October 2022 - by Jami Hubbard Solli
From Argentina to Zambia, the global news is filled with stories of irresponsible, unsustainable lending to low-income governments which ultimately results in suffering for their own people. Suffering takes the form of austerity measures imposed (...) -
Student Debt Relief Is Undermining the Military’s Predatory Recruiting Practices
3 September 2022 - by Jordan Uhl
The US military has a long history of recruiting poor people by offering benefits like free college. With Joe Biden’s partial student debt forgiveness, GOP war hawks are fretting that the military won’t be able to prey on desperate young Americans (...) -
“Your Debt Is Someone Else’s Asset”: Calls Mount to Cancel Debt & Halt Wealth Transfer to the Rich
16 December 2021 - by Amy Goodman, Astra Taylor , Nermeen Shaikh
As calls grow for Biden to extend the moratorium on student debt, we speak with the Debt Collective’s Astra Taylor and feature her new film for The Intercept, “Your Debt Is Someone Else’s Asset,” animated by artist Molly Crabapple. The $15 trillion (...) -
Submission of the Collective of Women Affected by Microfinance to the UN Special Rapporteur on contemporary forms of slavery
8 December 2021 - by Collective
Debt is the most prevalent source of slavery. In contemporary Sri Lanka, unpayable debt accrued through microfinance loans has been driving exploitation, dispossession, and conditions resembling debt peonage. A chain of high-risk loans disbursed (...) -
Indian farmers script a victory
8 December 2021 - by Sushovan Dhar
Millions of Indians were greeted by pleasant news on 19 November as Narendra Modi, the Indian Prime Minister, announced his government’s intention to repeal the three contentious Farm Bills which were intended to ‘fix’ the country’s ailing (...) -
[VIDEO] FESTIVAL SESSIONS: Growing private debt, vulnerability and inequality in South Asia
7 September 2021 - by Farooq Tariq , Sushovan Dhar, Amali Wedagedara, Nalini Ratnarajah
Presented by: South Asia Alliance for Poverty Eradication (SAAPE), Progressive Plantation Workers Union (PPWU) India, Manitham Trust India, Bangladesh Nari Progati Sangh (BNPS), South Asia Tax and Fiscal Justice Alliance (SATaFJA). Session is (...) -
How Private and Public Debt Crises Exacerbate Housing Problems in the EU
9 June 2021 - by Eric Toussaint, Eva Betavatzi
Abstract The increase in mortgage lending in European countries since the 1990s’ is symptomatic of a political determination to push households into buying rather than renting on the housing market. Banks benefit from this as it allows them not (...) -
Sri Lanka: Microfinance debt trap: Still awaiting reprieve
4 May 2021 - by Maheesha Mudugamuwa
Thousands of innocent villagers, especially in the Northern, Eastern, and North Central Provinces are holding protests to raise a collective cry against the longstanding issues related to the microfinance debt trap that had claimed the lives of (...) -
Interview with Verónica Gago and Luci Cavallero
“Debt Is A War Against Women’s Autonomy”
22 April 2021 - by Verónica Gago, Luci Cavallero, Beatriz Ortiz Martínez
On the occasion of the publication the expanded edition and English translation of A Feminist Reading of Debt, Beatriz Ortiz Martínez, from CADTM, interviewed its authors Verónica Gago and Luci Cavallero, researchers and professors in Buenos (...) -
Call for the Housing Action Day on 27 and 28 March 2021
26 March 2021 - by Collective
The Housing Action Day launched by the European Action Coalition for the right to Housing and the City will take place in 75 European cities! For more information on the mobilisations in Europe: https://housingnotprofit.org/housing-action-day/ (...) -
Sri Lanka’s household debt and the pound of flesh
15 March 2021 - by Amali Wedagedara
The complexity of the agrarian debt problem and the attractiveness of the idea of debt abolition made the cancellation of microfinance debt a popular campaign slogan during the Sri Lankan presidential election in November 2019. Women affected by (...) -
Lessons from a decade of student activism in the UK
6 January 2021 - by Hector Rios-Jara
The pandemic has exposed the disgraceful failures of market reforms in the British higher education sector. But the resistance of students continues. n years ago, tens of thousands of students flooded the streets of London protesting against (...) -
World Bank: Investigate Cambodia’s Micro-Loans
5 January 2021 - by Human Rights Watch
The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened (...) -
Micro credit : empowerment or victimisation?
10 December 2020 - by Sushovan Dhar, Sankha Subhra Biswas
The pandemic and the ensuing lock-down has hit India like never before. A report by K Chandra Shekhar and Kasif Mansorr from Azim Premji University states “According to the ILO report, in India, more than 400 million informal workers may get (...) -
Sri Lanka: An argument for cancelling the household debt
23 November 2020 - by Amali Wedagedara
Women affected by microloans in Sri Lanka have been mobilising for debt cancellation since a couple of years. The complexity of the agricultural debt problem and the attractiveness of the idea of debt abolition made it a popular campaign slogan (...) -
‘We do not get a chance at happiness’: the Bangladeshi fishermen caught by debt
23 November 2020 - by Rafiqul Islam Montu, Kaamil Ahmed
Hilsa fishermen must borrow to buy equipment but have to sell their catch at a low price to moneylenders – creating a generational debt trap Kalam Sheikh’s life revolves around the few months when he goes in search of Bangladesh’s prized hilsa (...) -
The case for debt abolition: “We cannot afford not to rebel”
21 September 2020 - by Astra Taylor
By turning individual indebtedness into a source of collective leverage, debtors’ unions can exercise material power and coordinate campaigns of resistance. In 2008, around the same time Lehman Brothers collapsed and the mortgage market began (...) -
IIF Private creditor participation proposal: A cure worse than the disease
5 June 2020 - by Daniel Munevar
Following the G20 Debt Service Suspension Initiative (DSSI) announced during the 2020 Spring Meetings, the International Institute of Finance (IIF) has released a template for the voluntary involvement of private creditors in a debt service (...) -
Tackle the Household Debt Pandemic- Cancel Debt! Create Common Credit!
30 May 2020 - by Amali Wedagedara, Ermiza Tegal
The onset of island-wide curfew since mid-March delivered a blow to the economy of working people. Millions of working people lost their jobs, or had wage cuts. Small farmers could not sell their harvest or sell it at a decent price. Fishers (...)
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