Student loans are destroying the imagination of youth. If there’s a way of a society committing mass suicide, what better way than to take all the youngest, most energetic, creative, joyous people in your society and saddle them with, like $50,000 of debt so they have to be slaves? There goes your music. There goes your culture. There goes everything new that would pop out. And in a way, this is what’s happened to our society. We’re a society that has lost any ability to incorporate the interesting, creative and eccentric people.

If you imagine that everything is an exchange, then we're supposed to just transact and walk away. If we haven't walked away and we still have a relationship, it's because there's a debt.

You can't have cutthroat competition when there's no one stopping you from actually cutting each other's throats. In order to build up trust we also have to think about each other's needs and it creates an entirely different dynamic.

Within a capitalist corporation, someone says, "Lend me a wrench," and someone asks, "Yeah, what do I get?" You assume that the idea of each according to his or her abilities, each according to his or her needs - in solving a problem - is actually the only thing that works. And in situations of disaster, there are often communistic notions of improvisation, where you basically exchange hierarchies and all of a sudden all those things that are luxuries that you can't afford, you have them in an emergency.

People don't have an ongoing relation unless it's a form of debt because everything is an exchange, so ongoing relationships are incomplete exchanges, and therefore one party is probably to blame - more likely than not, both are. Sociality itself seems to become like a matter of sin, and inherently wrong.

Even in the most market-obsessed society, we're still spending half of our time on something other than just getting cash.

We are watching the beginnings of the defiant self-assertion of a new generation of Americans, a generation who are looking forward to finishing their education with no jobs, no future, but still saddled with enormous and unforgivable debt.