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At least in the version that existed in early America indentured servitude allowed for coercion and there was no bankruptcy option. Whereas in modern law specif
by bradleyjg 6y ago
At least in the version that existed in early America indentured servitude allowed for coercion and there was no bankruptcy option. Whereas in modern law specific performance for personal service contracts are strictly forbidden and bankruptcy is out there.
- Igelau 6y agoWe got rid of debtor's prisons too, which is an improvement.
- t0mas88 6y agoBut student loans are exempt from bankruptcy, so in a way that particular investment in future earnings is a bit outside the modern protections.
- bradleyjg 6y agoThe grandparent’s post “this” referred to the personal equity proposal, not students loans. That said: - I agree that student loans ought to be dischargable in bankruptcy (indeed I think the government should have nothing to do or say with them at all) - I still don’t think they are reasonably referred to as “literally indentured servitude”, though one step closer