Ask anyone struggling to pay off big loans whether debt is oppressive and their answer will likely be yes.
As you may know, debt demands regular interest payments regardless of whether you can afford them. The hard-earned money you pay in interest comes out of your barely full pockets and goes into the coffers of people who have more money than they need.
If this type of financial oppression sounds familiar it's because it's been going on for centuries. For example, William Wallace battled against an occupying English king who demanded payments from the Scots.