1) The Higher Education Bubble and Debt Slavery Throughout History. Since ancient times, debt has been a tool used by rulers to enslave the ruled, which is why the Bible explains that the borrower is the slave to the lender. One complaint of many Occupy protesters involves their pursuit of expensive degrees that has left them burdened by student loans but unable to find suitable employment. This unit would compare the marketing of higher education and student debt to today’s students with the techniques used to lure sharecroppers and coal miners into irredeemable indebtedness. Music to be provided by Tennessee Ernie Ford.
For younger readers, Reynolds is referencing “Sixteen Tons” a song we used to belt out at my elementary school in an upper-middle-class suburb of Chicago.
You load sixteen tons an’ what do you get?
Another day older deeper and debt.
St Peter don’t you call me I cause can’t go:
I owe my soul to the company store.
There also was Drill, Ye Tarriers, Drill, in which we worked all day for the sugar in our tea (pronounced tay) down behind the railway.