High debt levels are a feature of contemporary capitalism that cannot be eradicated without radical change, says Éric Toussaint in his interview with C.J. Polychroniou in  Foreign Policy. He suggests that the question of public debt remains a central element of social and political struggles, and shows how public debt is increasing in volume because governments are borrowing to avoid taxing the rich to pay for the measures taken in response to the COVID-19 pandemic. As illegitimate private debt will become an ever-greater daily burden for working people, the struggle for the abolition of illegitimate debt must be pursued.
https://www.globalpolicyjournal.com/blog/16/06/2021/address-increasing-inequality-and-global-poverty-we-must-cancel-debt /> 

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