{"id":4724,"date":"2015-01-21T07:55:13","date_gmt":"2015-01-21T12:55:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4724"},"modified":"2015-01-21T07:55:13","modified_gmt":"2015-01-21T12:55:13","slug":"asset-ownership-and-our-system-of-deepening-debt-serfdom","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4724","title":{"rendered":"Asset Ownership and Our System of Deepening Debt-Serfdom"},"content":{"rendered":"<h3><a href=\"http:\/\/www.oftwominds.com\/blogjan15\/debt-serfdom1-15.html\" target=\"_blank\"><span class=\"Apple-style-span\"><span style=\"font-size: medium;\"><b>Asset Ownership and Our System of Deepening Debt-Serfdom<\/b><\/span><\/span><\/a><\/h3>\n<p><span class=\"Apple-style-span\"><span style=\"font-size: small;\"><i>Debt-serfs who make the difficult and risky transition to small-scale business owners find they have simply moved to another class of serfdom.<\/i><\/span><\/span><\/p>\n<p><b>The core dynamic of debt-serfdom is that\u00a0<i>debt-serfs must borrow money to buy essentials<\/i><\/b>\u00a0while the wealthy borrow to invest in productive assets.<\/p>\n<p>This is not merely a random result of free-market capitalism; it is the structure of cartel-capitalism in which highly profitable goods and services must be paid for with highly profitable debt.<\/p>\n<p>This need to borrow to pay for essentials is already evident in student loans, vehicles and housing.<\/p>\n<p>The cost of these essentials is so high that few debt-serfs can borrow enough to pay for these essentials and then have enough borrowing power left to buy productive assets.<\/p>\n<p>Those few who do attempt to buy productive assets face regulatory hurdles and costs that limit their ability to own or launch small-scale profitable enterprises.<\/p>\n<p><b>The net result is a system in which the vast majority of productive assets are owned by the few who then have the means to exploit the many.<\/b><\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asset Ownership and Our System of Deepening Debt-Serfdom Debt-serfs who make the difficult and risky transition to small-scale business owners find they have simply moved to another class of serfdom. The core dynamic of debt-serfdom is that\u00a0debt-serfs must borrow money to buy essentials\u00a0while the wealthy borrow to invest in productive assets. This is not merely [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[2801,111,2804,195,2802,2803],"class_list":["post-4724","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-asset-ownership","tag-capitalism","tag-cartel-capitalism","tag-debt","tag-debt-serfdom","tag-free-market-capitalism"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4724"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4724\/revisions"}],"predecessor-version":[{"id":4725,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4724\/revisions\/4725"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}