This art student plans to burn his student loan. Here's why...

This art student plans to burn his student loan in 'protest against capitalism'

24 year old art student Brooke Purvis plans to st fire to his entire student loan in a protest against capitalism. He hopes to demonstrate that currency no-longer has any value.

Purvis, who attends Central Saint Martins, posted on his blog "Brooke Purvis Official" about the project, which he's titled "Everything Burns".

"We rarely see money now, credit and debit cards and now apple pay. You have fractional reserve banking too which literally magics money out of thin air, But also I'd like people to consider where money comes from and what it actually is."

"Everything burns has been an idea I've been toying with for the past few years. The idea that in today's society a person, who wants to better themselves, has to undertake a huge amount of debt seems unfathomable.

"Money or currency, in the U.K at least holds absolutely no value whatsoever, other than that which you place upon it, for instance, it took you whatever amount of time to earn whatever amount of money which can buy you whatever it is you desire."

Purely fictional wads of cash

"So, for me, when I realised that money is simply a fiction and a fixation of the mind and that people need a material object to understand somethings existence, my own reality had been altered. Therefore burning money would be a release from the bondages that society and our own minds have placed upon us all.

"It's my money, remembering it's a fiction, and like anyone, I choose to do what I want with it."

The project in his own words

A student will borrow anything up to £54,000 to pay for a degree in the UK. The student will borrow that money, which is intrinsically worth nothing, Uk currency being backed by debt investment, to pay for a degree to ultimately get a job, which isn't guaranteed, only to pay back the loan the student borrowed to get the degree which allowed them to get a job....

How do our ideas impose upon reality? In turn, how does reality impose upon us?

Banal - Shock - Entertainment - Stunt (modern day values) ?

A radical left juvenile idea ?

The bourgeoisie use of debt as management ?

Universities are still struggling to cover the costs for educating a student, even at £9000 P.A

Meritocratic ideals spent in a capitalist society.

Currency is based on debt investment rather than the gold standard, as once was, currency retains no actual value.

Real value comes from what a person's labour/time can be exchanged for?

Who gets to decide what something's value is?

This can be seen in full on Purvis's blog.

Purvis has come under criticism for not giving the money to the poor from Facebook commenters, who have equated it to "burning £50 notes in front of a homeless person".

But far from being well-off, Purvis works "practically full time" so he can pay his rent and shares a house with 11 other people.

"I personally don't believe that since the age of roughly about 7 or 8 years old I've ever experienced what your average person would consider a comfortable life without fear of not making a rent payment or having enough for food or some maniacal person demanding something from me for their own gains."

The full interview can be seen here.