Trading Futures, Consolidating Student Debt
Debt is legitimated by its connection to productivity. If debt is not to result in a diminution of income during repayment, it presumes a rising income. Either labour is extended, intensified or acquired from others. This, crudely, is the formula of capital. It is also the logic of investment in human capital that, as it turns out, must be outfitted with moral and legal limits in the form of the unbreakable contracts of student debt, lest the sequestered surplus of capital be misconstrued as general abundance. (Angela Mitropoulos, Mute)
