We are creating a generation of indentured servants to serve the corporatist state
Indentured servants first arrived in America in the decade following the settlement of Jamestown by the Virginia Company in 1607.
The idea of indentured servitude was born of a need for cheap labor.
http://www.pbs.org/opb/historydetectives/feature/indentured-servants-in-the-us/
In other words, it was a good thing in many ways - it helped the Brit to emigrate and it helped the new colonies.
The most unfortunate aspect was the fact that a black man called Johnson was allowed by a judge to make one indentured servant a servant for the rest of his life. That was the birth of slavery in the US.