Some governors used to engage in massive borrowing from commercial banks at exorbitant rates; leaving their states in a
debt peonage. The catalogue of mischief is in endless concentric circles.
What is the World Bank's culpability in the pains suffered by the Filipinos through several decades of
debt peonage with the Bank and the western banks?
But, despite legal prohibitions, slavery proved remarkably resilient, with colonists using subterfuges such as
debt peonage, "just wars" (which sanctioned enslavement of captured enemies as a more moral outcome than justified slaughter), and other tricks.
"It's a
debt peonage system they are never able to extract themselves from," said James Early, a Brazil expert and former director of cultural heritage policy at the Smithsonian Institution and board member of the Institute for Policy Studies.
According to Fraga, the plight of
debt peonage and crop liens characteristic of black sharecroppers in the US South did not entrap former slaves in northeastern Brazil to the same extent.
He refers to "
debt peonage," say, in the context of many things we take for granted: such things as "taking on mortgage debt to buy a home" or getting a student loan or automobile loan.
(14) With knowledge of the lives of Africans, both enslaved and free, in colonial Costa Rica, would these West Indians have been better prepared for the historically sanctioned legalized hostility that faced them in the forms of
debt peonage, abusive labor relations, living segregation, ID carnets and cedulas which, like the Apartheid system of the South, needed to constantly list, contain, number and hold accountable the "potential" of Blackness through policing and divide and conquer?
Buffeted by outsourcing, unemployment, underemployment, consumer and student
debt peonage, underwater mortgages, and the rolling thunder of environmental/climate/resource crisis, the mass of Americans still lead lives of quiet desperation--and it remains mostly quiet because they are diverted from their gnawing anxieties and uncertainties by the toxic glitter of corporate culture, a ceaselessly dripping toxin that mollifies, numbs and stupefies.
The ultimate expression of one human being's indebtedness to another was
debt peonage and slavery, often violently enforced.