The Socialist Program

How U.S. Capitalism Buries Students in Debt

This interview is an episode of The Socialist Program with Brian Becker, a podcast providing news and views about the world for those who want to change it, produced as part of BreakThrough News. You can follow the show on Facebook, Twitter and Instagram.

Walter Smolarek and Prof. Richard Wolff discuss the student debt crisis. With an announcement expected imminently on the fate of the national freeze on student debt payments, pressure is mounting on the Biden administration to not only extend the moratorium, but also cancel a substantial amount of the crushing debt burden tens of millions of people in the United States are under. How did we end up in a situation where borrowers have accumulated over $1.7 trillion in debt just because they wanted to get an education?

Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.

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