With the death of Pope Francis, the world loses not only a church leader but also a moral compass
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Debt, a core tool of capitalism
Far from being opposed to it, capitalism depends on debt as a way of enforcing loyalty to the profit system from those that have the least to gain from it, explains JOHN GREEN
The debt phenomenon is not just found in the housing market and the student loan business, but everywhere you look. Capitalists depend on selling ever more products; if they can’t sell, they make no profit. That is why we are urged to buy ever more consumer items by slick advertising and seductive publicity.
LYNNE WALSH previews the Bristol Radical History Conference this weekend
Keir Starmer’s £120 million to Sudan cannot cover the government’s complicity in the RSF genocide or atone for the long shadow of British colonialism and imperialism, writes CLAUDIA WEBBE
Join the traditional march from Clerkenwell Green, which will bring together countless international workers’ organisations in a statement against the far right
Ecuador’s election wasn’t free — and its people will pay the price under President Noboa
Mountains of research show that hardcore material harms children, yet there are still no simple measures in place
We face austerity, privatisation, and toxic influence. But we are growing, and cannot be beaten
BEING in debt and being unable to pay it off is one of the recurring nightmares for so many people and it has been the basis for many tragic lives in novels — most famously in Charles Dickens’s David Copperfield.
In David Copperfield, the clerk Wilkins Micawber was incarcerated in a debtors’ prison after failing to meet his creditors’ demands. His long-suffering wife Emma stood by him, despite his financial exigencies that forced her to pawn all her family’s possessions.
Micawber’s name has become synonymous with someone who lives in hopeful expectation but is always financially on the edge. This has formed the basis for the Micawber Principle: “Annual income twenty pounds, annual expenditure nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.”
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