Through its operations the scission between wealth and poverty turns into a self-reinforcing pincer.
—In the US, the UK, and the EU, the ratio of household debt to GDP has been rising alarmingly since the 1980s. Even so, these broad measures conceal the very differences that the wealth and inequality figures revealed: debt means rather different things for households at different ends of the scale…
What might appear to each of us as vicissitudes of fate and fortune are actually organized by more durable relationships and processes that usually remain opaque.
it seems long ago that anybody trusted the state to serve as a bulwark against the global system