Debt Servitude
The term “debt servitude” has a double meaning. It means one is placed in servitude to one’s debt, and it also means one is placed into servitude to another person or institution through that debt.
Debt servitude was the structure by which Jim Crow replaced the form of forced labor called enslavement that preceded it. Debt servitude and Jim Crow characterized the class structure during the second third of this nation’s existence. When an unlikely Supreme Court decision on education pulled the cork out of that bottle, two whole decades of unremitting struggle to democratize this country ensued. The Reagan administration then commenced to put the cork back in that bottle. And in the process, it deregulated real estate (as well as finance), initiating an era of rising rents and a concommitant problem of “homelessness.”
There is a civil suit (in Alameda County Court), launched by the city of Berkeley, that exemplifies the modern form of debt servitude. The name of this case is “The City of Berkeley vs. Leonard Powell.”
Leonard Powell is a black veteran with a large family who bought a house before Reagan, and got it free and clear by the 1990s. He is now in the process of losing it to debt servitude.
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