The collective action that I wanted to talk about is the JoinStampede
movement that is currently happening in the United States as we speak.
The reason why I picked this collective action is that it deals with
student debt and a lot of people can relate to it - as most of us take out
student loans to pay for post secondary education. Currently in the
United States, student debt exceeds over one trillion dollars and in my
opinion, that is an obscene amount of money for one to owe. In the
United States there are typically two solutions to mitigate the burden of
student loans, which are bankruptcy relief, or a full-out student loan bailout –
both of which destroys credit ratings. Launched
in the beginning of March, JoinStampede is trying to get one hundred thousand
people to join their movement and as a group they would collectively negotiate
better terms for student loans.
JoinStampede not only targets those who are currently enrolled in
post-secondary but also those who have an outstanding student debt that they
are currently paying off. It is needless
to say that by having better interest rates students can pay off their loans
faster.
Because this is a collective action in progress, the result of
this collective action is unknown however it creates awareness of how much
students owe in student loans and how much it costs to go to post-secondary in
the United States. Even if this collective action does fail, it may stir
up other collective actions that may succeed in the near future. Collective action can be a powerful tool in
changing policy and legislation. By
having a large population rallying for a common cause it creates awareness and
attention to the cause. With awareness
and attention to the cause, there is a higher potential for the collective
action to succeed. I like JoinStampede’s
idea of a group of people collectively negotiating for lower interest rates and
I hope that this campaign is successful, as it will benefit a lot of American
students in the long run. I believe that
education is key in creating a more understanding and open-minded society.
By having more people being able to pay off their student loans at a
better rate will encourage people to get an education.