The story of several oligarchs pulling strings behind the scenes obscures the more relevant story of institutionalized hierarchical process that feels too similar to a Pyramid Scheme economy. Fascism may more nearly be the correct definition since the system is held in place less by persuasion and more by laws.
To provide relief to targets of predatory debt and educational institutions, mirrors similar approaches by government to the disease-care industry. In both scenarios the middleman is protected at the expense of the targets and byway of politicians bought into public “service” via Citizens United who are deft at maintaining the structure which is capitalistic hierarchical Establishment that in another place and time could be called dictatorship, and that has little to do with free market principles.
Student debt has been used as a campaign strategy with promises with no results. Bernie Sanders ran on a platform of universal health care in an nation isolated among industrialized nations, of predatory industrial health profiteering, but was rejected by the voters. Health debt is surely as consequential and more unavoidable than student debt, but can be suspected as another tool by the lending industry. Capitalism is promotion of hierarchy for profit, and it is working well. On a continuum capitalism transforms into organized crime or fascism. Citizens United is a component in this process, that uniquely insinuates corruption into the system. Yet voters continue to choose against their own interests and precepts of the US Constitution. Consider the Preamble to the US Constitution.
The student-loan anomaly seems to be an example of capture of generations of the public into a requirement to support lifestyle that seems beneficial to hierarchy. If the reason for education is first to provide personal autonomy, debt is a bad start. When the debt pays for education that indoctrinates into an economic system that promotes the hierarchy that provides the education, more questions are raised. This seems to be an example of imperialism considered in an individual way, to keep it simple.
Come to think of it, the message from both Charles Dickens and Karl Marx are indeed similar. If one hasn’t read The Communist Manifesto, a reason may be the ongoing Red Scare warnings from Establishment. Charles Dickens as yet has not been so vilified by capitalists.
At the risk of “stating the obvious” which in the mind of some people is a FACT, in our oligarchy we have the choice of supporting this anomaly of government by either carrying a burdensome national debt or by each individual carrying debilitating personal debt. Another option is to challenge obscene wealth, fraud, and corruption.