alternet reviews the documentary “in debt we trust”, by veteran TV journalist and media critic Danny Schechter.
If you wonder why borrowed money fuels the lifestyles of all ages, turn on a new documentary, “In Debt We Trust,” by the veteran dissenting TV journalist and media critic, Danny Schechter. “In Debt We Trust” vividly shows how Americans get ensnared in a web of debt spun by a “credit industrial complex” that almost seems to function like a conspiracy to drive people into financial servitude. Schechter’s central insight is bold, provocative and timely. As he quotes a Brooklyn consumer activist, “Debt is profitable.”
Zachary: What can be done?
Schechter: The first step is raising awareness. People don’t usually talk about this problem. It’s a point of embarrassment to be overwhelmed by debt. When you give people permission to talk about this, they pour out. We also need grassroots political action to promote responsible lending. We have to roll back the bankruptcy law changes. We have to fund counseling and advice. We need to make financial literacy part of our educational system.
read the story here: young borrowers face a life of debt and, if you’re interested in the documentary, see in debt we trust.
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alternet reviews the documentary “in debt we trust”, by veteran TV journalist and media critic Danny Schechter.
If you wonder why borrowed money fuels the lifestyles of all ages, turn on a new documentary, “In Debt We Trust,” by the veteran dissenting TV journalist and media critic, Danny Schechter. “In Debt We Trust” vividly shows how Americans get ensnared in a web of debt spun by a “credit industrial complex” that almost seems to function like a conspiracy to drive people into financial servitude. Schechter’s central insight is bold, provocative and timely. As he quotes a Brooklyn consumer activist, “Debt is profitable.”
Zachary: What can be done?
Schechter: The first step is raising awareness. People don’t usually talk about this problem. It’s a point of embarrassment to be overwhelmed by debt. When you give people permission to talk about this, they pour out. We also need grassroots political action to promote responsible lending. We have to roll back the bankruptcy law changes. We have to fund counseling and advice. We need to make financial literacy part of our educational system.
read the story here: young borrowers face a life of debt and, if you’re interested in the documentary, see in debt we trust.
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