Summary Of Can Debt Spark A Revolution

In the article, “Can Debt Spark A Revolution” by Graeber. It talks about how many people after college are in debt and having trouble finding jobs. In addition, many people struggle with paying for college and finding a job with the debt they have accumulated. Also, the stock market is controlled by an amazing amount of businesses staying in power. Finally, these businesses accumulate cash from the stock market. Furthermore, the flow of the economy is in the hands of a debtor society for several reasons, such as ninety-percent of people in debt, debt collectors controlling the stock market, and keeping the flow of cash in the economy by any means necessary. Over ninety-percent of people are in debt in society. According to the article, “It’s now clear that the 1 percent are the creditors: those who are able to turn their wealth into political influence and their political influence back into wealth again” (Can Debt Spark A Revolution). For this quote, the businesses that control the stock market turn their political influence into power, which impacts people that do not have a low of wealth that can not turn their wealth into power. In addition, these people are considered poor with no status in society, while the rich accumulate more wealth and political influence with their wealth.. Debt …show more content…
According to the article, “ The overriding imperative of government policy is to do whatever it takes, using all available tools—fiscal, monetary, political, even military—to keep stock prices from falling. The most powerful empire on earth seems to exist first and foremost to guarantee the stream of wealth flowing into the hands of that tiny proportion of its population who hold financial assets“ (Can Debt Spark A Revolution). For this quote, many businesses try to cheat the system by any means necessary, which allows the rich to stay in power while the poor stay at their current