Indebted Households and Left Populism in Slovenia
by Ajda Pistotnik
Debt cancellation is an idea that is more and more often heard and discussed within the EU. We can thank for that SYRIZA and the Tsipras government in Greece that call for public debt cancellation. As noted by American anthropologist David Graeber it has been a current practice throughout history to make it possible to survive debt crises.
The debate about debt cancellation also takes place in Slovenia, though not focusing on the public debt but a household debt cancellation. The initiative is promoted by the newly elected left party the United Left, an opposition political party. It proposes a bill to write off the debts of the poorest households. The idea to help the poorest makes sense from an economic, political and social point of view as was argued by Slovenian economist Bogomir Kovač at the national television’s news. Moreover, I am sure that it would help them to breathe more lightly for some time, but only to a certain extent.