I am in debt. Even when I do not count my study loans, I'm chronically--but not deeply-- in the red on my bank account. I don't have credit card loans, however, and I don't owe money or goods to anyone. I have had a tough year, but it's slowly getting better. Although I work, next to getting an education, my income does not cover all my costs. I am extremely lucky, though: I have a working partner who will gladly jump in and cover costs until my education is done and I can get an actual job that pays the bills.
I don't like being in debt. It's against the spirit of Hellenismos--or at least the two were antagonistic in ancient Hellas. Debts were paid off at the Deipnon--the end of the month--and those who could not pay them became serfs to their creditors. It was one of the main ways a citizen could become a slave.
It sounds a bit harsh, becoming a slave because of a missed payment. Yet, is modern life any different? Am I not tied to all people, companies and foundations who pull money from my bank account on a regular basis? Will not strong men and/or women show up on my doorstep if I can not afford to pay my bills and take items I own to pay off the debt? If all else fails, won't the government take my freedom? Aren't all of us a little enslaved to a economy which requires monthly contributions for protection, huge debts for housing and education, and for an ever-increasing number of people; financial support from their government simply to eat and have a roof to sleep under?
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Actually they do have debtors prisons in the U.S. for legal/court fines & fees, as well as cash bail for misdemeanors. There's ton
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Give a pledge, and ruin is near. It's as true today as when it was first written, but our complex economic system makes it seem o
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It's not even a fine line between the 'freedom' I was talking about, and the 'enslavement' you were, Terence.
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My phrase "to the contrary" was likely a bit hasty. As you said, Peter, people think freedom from debt is unnatural now; we have
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i am placed in the debt free column also. i don't make much money but i have never owed anyone anything. which means i have no cre