Activity

we can see how this “structural adjustment” of public finances has played out rather badly in most places where the Washington Consensus was implemented, not least in Washington itself

we can see how this “structural adjustment” of public finances has played out rather badly in most places where the Washington Consensus was implemented, not least in Washington itself

Yet it is important to remember that debts and obligations shape economic prospects and life possibilities in even more fundamental ways. In the most elementary sense, debts enable economic activity by liberating present resources from the most immediate pressures of productivity or profitability. …

the various forms of “primitive accumulation” described by Marx (whereby land, labor, and natural resources are turned into commodities)

destined for hegemonic domination and financial apotheosis