First move of an organized movement would be to refuse paying debt collectively until there has been debt forgiveness and better terms for debtors. The system/establishment would not be able to deal with that much cash flow suddenly drying up, would it?
Saying "First move of an organized movement" is circular and contradictory. You need to do things to get organized. You need to do a lot of things to get to the point where mass debt refusal is anything but a pipe dream.
First move of an organized movement is to call a meeting, probably a very small one.
As to the tactical value of stopping the flow of cash, idk about that. I think debt is a lot about discipline and control vs providing needed income to the ruling class. Who after all, own literally everything.
If debt refusal was done the primary value would be a) its impact on the day to day lives of people keeping their money (effectively getting a raise), and b) the building and flexing the muscles of an organized working class.
I agree about getting organized first. I'm speaking more towards how an organized movement could challenge these structures whether they are there to control the populace or whether that system actually plays into how the ruling class can own everything in the first place. Corporations need cash flow in order to maintain their own operations and they have their own creditors/debt that is based on this concept of 'future cash flow' and a drying up of that cash flow would make things a bit precarious for them.
First move of an organized movement would be to refuse paying debt collectively until there has been debt forgiveness and better terms for debtors. The system/establishment would not be able to deal with that much cash flow suddenly drying up, would it?
Saying "First move of an organized movement" is circular and contradictory. You need to do things to get organized. You need to do a lot of things to get to the point where mass debt refusal is anything but a pipe dream.
First move of an organized movement is to call a meeting, probably a very small one.
As to the tactical value of stopping the flow of cash, idk about that. I think debt is a lot about discipline and control vs providing needed income to the ruling class. Who after all, own literally everything.
If debt refusal was done the primary value would be a) its impact on the day to day lives of people keeping their money (effectively getting a raise), and b) the building and flexing the muscles of an organized working class.
I agree about getting organized first. I'm speaking more towards how an organized movement could challenge these structures whether they are there to control the populace or whether that system actually plays into how the ruling class can own everything in the first place. Corporations need cash flow in order to maintain their own operations and they have their own creditors/debt that is based on this concept of 'future cash flow' and a drying up of that cash flow would make things a bit precarious for them.