This video is part 3 of an educational & historical series with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff.

In this interview we talk to him about bankruptcy protection, debt jubilee, students debt and the function that a credit system serves in our society today.

  • Why are individuals guaranteed bankruptcy protection and nation states aren’t?
  • What is debt jubilee? What relevance does debt jubilee have in today’s day and age?
  • Why are students and working class people taking on more and more debt?
  • Why are students particularly vulnerable to predatory lending?
  • Are banks using debt as a mechanism of control?

All of this and more is addressed in the video here.

Previous videos of the educational series with Richard D. Wolff:

Part 1: What are Capitalism & Socialism? What differentiates them from each other?

Part 2: What is Money? Why do some have more than others?


The original article can be found here