Debt and Finance Working Group
The Debt & Finance Working Group organizes with people in debt to build power against the financial institutions and government entities that profit from our indebtedness. Today many people are under-employed, unemployed, or paid so little that they are forced to take out loans to access basic needs. Indeed, the rising power of finance is one of the defining characteristics of neoliberalism. The ability of creditors to extract from us is both coercive and alienating, and reinforces a system that is unambiguously dependent upon white supremacy, sexism, and the degradation of workers. The Debt & Finance Working Group sees debtor organizing as a key to building bonds of solidarity across New York City, and an organizing effort that is critical to the broader struggle for democratic socialism.