Johnna Montgomerie

We live in a culture of credit. As wages have stagnated, we’ve seen a dramatic surge in private borrowing across the western world; increasing numbers of households are sucked into a hopeless vortex of spiralling debt, fuelled by exploitative lending. In Should We Abolish Household Debts? Johnna Montgomerie argues that the situation is chronically dysfunctional, both individually and collectively. She...