Mon, 16 August 2021
Sam and Emma host Elizabeth Tandy Shermer, Associate Professor of History at Loyola Chicago University, to discuss her new book Indentured Students: How Government-Guaranteed Loans Left Generations Drowning In College Debt, which tackles the exploitative nature of US student loan programs dating back to their origin, setting up the generational wealth and debt divides we see today. After situating the crisis within the contexts of tuitions in the 60s, 80s, and today, Sam, Emma, and Elizabeth jump off of the first work-study programs introduced in the 60s, and how their nature was tied deeply to the Civil Rights Act. They dive into higher education as a battleground for a desegregated society, particularly following the success of Soviet science, with the Higher Education Act following the CRA in an effort to promote the enrollment of women and people of color, especially after the addition of Title IX in ’72. Next, they look at how the US student loan program found its structure in New Deal housing programs, which, while appearing progressive, ultimately put a product that cannot be repossessed, with the only guarantee going to bankers, into a “social welfare” program, bolstering the preexisting generational wealth and debt stratification. They conclude the interview by looking at the role of college, both in terms of their exploitation of students and how the US State has slowly shifted more and more responsibility their way, even as they become central in the progression of US medical technology, before they move onto what Biden could do in the latter stage of his presidency, including looking into both the preexisting policy initiatives in the Infrastructure package, and the potential of a College for All bill presenting a public competitor. Sam and Emma round out the free half by reflecting on the US failure that was the Afghanistan war, and the attempt of the US media and politicians to present this as anything but another “Saigon Moment.”
And in the Fun Half: The MR crew discusses the behind the scenes stupidity and exploitation of Venture Capitalism, the fear-based relationship between the Biden Administration and the concept of immigration – even when it comes to Afghani refugees – and reflect on the roles of Trump and Pompeo in the Afghanistan pull out. John from AZ calls in to explore the relationship between inflation and wages, and Bill from MI jumps delves into the effect of wage stagnation on teachers, especially as the Republican war on Critical Race Theory picks up, before the staff admires the beauty of Timba.On.Toast’s dive into the deep end of Tim Pool’s inner functioning. They also touch on Dennis Prager’s takes on child abuse, Dave from Jamaica talks imperialism and Afghanistan, and Ian from FL calls in from Matt Gaetz’s district to chat about the impossibility of changing Pensacola politics, plus, your calls and IMs!
Become a member at JoinTheMajorityReport.com
Subscribe to the AMQuickie newsletter here.
Join the Majority Report Discord!
Get all your MR merch at our store https://shop.majorityreportradio.com/
(Merch issues and concerns can be addressed here: email@example.com)
You can now watch the livestream on Twitch
Check out today’s sponsors:
Stitcher Premium-Hell of Presidents: From Washington to Biden, Hell of Presidents is telling the history of the United States through the office of the presidency, all in the irreverent Chapo Trap House style. Hell of Presidents is available exclusively on Stitcher Premium. To sign up and get a free month of listening go to stitcherpremium.com/hell on your mobile or desktop browser, click start free trial, select a monthly plan, and enter the code HELL.
ZipRecruiter: Some things in life we like to pick out for ourselves - so we know we've got the one that's best for us - like cuts of steak or mattresses. What if you could do the same for hiring - choose your ideal candidate before they even apply? That’s where ZipRecruiter’s ‘Invite to Apply’ comes in - it gives YOU, as the hiring manager, the power to pick your favorites from top candidates. According to ZipRecruiter Internal Data, jobs where employers use ZipRecruiter’s ‘Invite to Apply’ get on average two and a half times more candidates — which helps make for a faster hiring process. See for yourself! Just go to this exclusive web address, ZipRecruiter.com/majority, to try ZipRecruiter for free!
Support the St. Vincent Nurses today as they continue to strike for a fair contract! https://action.massnurses.org/we-stand-with-st-vincents-nurses/
Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.com/
Subscribe to AM Quickie writer Corey Pein’s podcast News from Nowhere, at https://www.patreon.com/newsfromnowhere
Check out The Letterhack’s upcoming Kickstarter project for his new graphic novel! https://www.kickstarter.com/projects/milagrocomic/milagro-heroe-de-las-calles
Check out Matt Binder’s YouTube channel!
Follow the Majority Report crew on Twitter:
Direct download: 8_16_The_Checkered_History_Behind_The_Student_Loan_Debt_Crisis_W__Elizabeth_Tandy_Shermer_-_pub.mp3
Category:general -- posted at: 5:23pm EDT