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a vocabulary term
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a stylized model of the contemporary debt state as addressee and mandatary of two differently constituted collectives
The rise of creditors to become the second ‘constituency’ of the modern state
defined in footnote 62
Evidently, the greater international mobility of industrial and finance capital has raised its ‘reservation profit
defined in footnote 54
in a capitalist socio-economic order it operated as an ‘expropriated state’ devoid of the resources it needed to carry out its tasks