"We have been living in a society where debts, rather than rights, have been the major means for accessing basic social goods like housing, education, and health care. That social model was built around the assumption that while real incomes stagnated and the state did not directly provide many basic goods through universal entitlements, cheap credit would do the trick instead. High finance was inextricably intertwined with the privileges of citizenship. This was not a very good social model. With any luck, and a serious amount of political action, current resistance could lead to alternative ways of thinking about how we make these goods available to all."
A Failed Social Model: Providing Basic Goods Through Crushing Consumer Debt>