That's true, but according to this it seems like the consequences would still be pretty serious: https://www.fastcompany.com/3060400/what-would-happen-if-40-million-americans-defaulted-on-their-student-lo
It at least seems easier than organizing a general strike, since all you would need to do is convince people to stop paying their bills. Once they get over their fear of credit being hurt, that would be easy, but overcoming that fear is a big challenge.
It doesn’t need to be limited to student debt. A general debt strike that includes student loans, credit cards, medical bills, rent, etc. would be absolutely terrifying to the people in power, I’d imagine. Even the threat of something like that would probably be enough to rattle markets and cause damage.
That's true, but according to this it seems like the consequences would still be pretty serious: https://www.fastcompany.com/3060400/what-would-happen-if-40-million-americans-defaulted-on-their-student-lo
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A couple of other thoughts I have on this:
It at least seems easier than organizing a general strike, since all you would need to do is convince people to stop paying their bills. Once they get over their fear of credit being hurt, that would be easy, but overcoming that fear is a big challenge.
It doesn’t need to be limited to student debt. A general debt strike that includes student loans, credit cards, medical bills, rent, etc. would be absolutely terrifying to the people in power, I’d imagine. Even the threat of something like that would probably be enough to rattle markets and cause damage.