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Signs of Hope – A continuing series July 20, 2017

Posted by WorldbyStorm in Uncategorized.

Gewerkschaftler suggested this recently:

I suggest this blog should have a regular (weekly) slot where people can post happenings at the personal or political level that gives them hope that we’re perhaps not going to hell in a handbasket as quickly as we thought. Or as the phlegmatic Germans put it “hope dies last”.

Any contributions this week?


1. GW - July 20, 2017

There are plenty of special status half-in-half-out precedents for the North of Ireland after Brexit. If it happens.

The difference is I guess that they have:

a) Mostly rather more sunshine hours per anum
b) No DUP


2. GW - July 20, 2017

One of the best issues for mobilising a broad range of younger people against capitalism is permanent debt-slavery to student-loan-sharks. The promise of help with these including a possible abolition was a major win for Corbyn among young people.

These balls-and-chains around the ankles of young people has spawned, as ever in heavily financialised capitalism, a grey market where these loans are bought and sold on.

The predators that seek to profit from these loans have their eyes on the rent to be extracted and little time for the legal niceties. Consequently, a significant tranche may never be collected because the titles have been lost in the process of selling on.

As Cory Doctorow notes:

Unsurprisingly, the kinds of companies that float these loans are the fastest and loosest of players. Once they originate the loans, they sell them off to intermediaries who sell them off to other intermediaries and so on, landing them, eventually, in the portfolios of vulture capital funds who use arm-breaker tactics to collect on them (abetted by laws that make student debts much harder to default upon than other kinds of debt).

But playing fast and loose means that these companies often lose track of little details — like who owes them, how much they’re owed, and what they’re owed for. Increasingly, people who’ve been hit with debt-collection threats from the knuckle-dragging profiteers of the student loan industry are showing up in court with attorneys who force the debt-buyers to admit that they don’t have title to these loans — that no one can find the paperwork, that the loans are invalid.

One of these debt companies, National Collegiate, holds $12B worth of potentially useless paper. The whole market is worth $108B. Defaults are mounting, and there are more to come, as smart lawyers figure out how to force debt collectors to admit, under oath, that they have no legal leg to stand on.

If the collapse of sub-prime student and car loans ‘market’ leads to the next financial crisis – bring it on, I say.

This time we won’t be conned into bailing them out.


EWI - July 21, 2017

The promise of help with these including a possible abolition was a major win for Corbyn among young people.

And at most for half the cost of Trident, too!


3. bjg - July 20, 2017

Does this count? http://chrisgreybrexitblog.blogspot.com/2017/07/could-brexiters-be-best-hope-for.html

It sounds a bit unlikely to me ….



WorldbyStorm - July 20, 2017

Yeah, me too.


Citizen of Nowhere - July 21, 2017

The basic argument is sound – the utter headbanging way the Tories have gone about Brexit could well scupper it.

It’s uncertain but the best hope – if like me you think that Brexit is bad for the working class of the UK and Ireland, that ‘socialism/social democracy in one country’ is even less plausible than it was in the 1980s when the Bennite dogma about the EU was set in stone, and that there is a real danger of falling back into competing/waring nationalisms in densely populated part of Eurasia – is that come Spring 2019 the actual existing Brexit on offer or exit without agreement will fall to a free vote.

As Grey notes:

the Labour party stance – although I have been, and am, highly critical of it – might just possibly pay dividends. It is just sufficiently ambiguous and possibly sufficiently plastic that as the Tory Brexiters drive us towards what a majority of the public recognize as folly, Labour could, without too much pain, ride that wave of opinion, topple the government and pull back from Brexit.

Plasticity is the key. Is the British Labour party willing to recognise that the European dimension of many of its younger voters is important to them, and that Labour will loose them if they impose a whip on the Brexit vote as they did on the Queens Speech vote amendment.?

John McDonnell is reportedly more plastic than Corbyn in this respect.


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