Criticism Of Debt
This article is about criticism of, and arguments against debt.
There are many arguments against debt as an instrument and institution, on a personal, family, social, corporate and governmental level. Usually these refer to conditions under which debt should not be used as a solution, e.g. to fund consumption for survival. Consumer debt and public debt deal with some of these issues. Calls for debt relief to the developing countries have been more and more insistent since the 1980s Latin American debt crisis, and, more recently, the Argentine economic crisis. Developing countries' debt has often been qualified as an odious debt and a mean of neocolonialism, in particular by "third-worldism" (tiers-mondisme) and the more recent alter-globalization movement.
Famous quotes containing the words criticism and/or debt:
“It is the will of God that we must have critics, and missionaries, and Congressmen, and humorists, and we must bear the burden. Meantime, I seem to have been drifting into criticism myself. But that is nothing. At the worst, criticism is nothing more than a crime, and I am not unused to that.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“This is the debt I pay
Just for one riotous day,”
—Paul Laurence Dunbar (1872–1906)