The Debt Matrix: Consumption and Modern-Day Slavery
By Timothy Alexander Guzman
December 01, 2013
“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt” Henrik Ibsen
According to Oxford Dictionary the term Slave is defined as “a person who is the legal property of another and is forced to obey them” as in the case of the United States during the 18th and 19th centuries where slavery was a legalized institution. Oxford dictionary also defines slavery as “a person who works very hard without proper remuneration or appreciation” as in today’s world of a person working for a company or corporation where their efforts are usually under appreciated. It also describes a slave as “a person who is excessively dependent upon or controlled by something” or “a device, or part of one, directly controlled by another”. Debt can be an instrument used to control an individual or a nation for that matter. In this case, an individual is dependent upon “Credit” to buy products.