Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

[...] Credit appears as a kind of corrupt Absolute Idea developing itself in ever higher spirals of alienated activity within a hollowed-out community. Although it might seem, Marx argues, that credit would allow for the purest, most transparent (because abstract) form of mutual recognition, it is in fact the most direct form of subjugation, because it takes on the dimensions of a whole social and cultural order. The one who must accept credit (the debtor) submits to the judgment of the creditor, who stands for the judgment of all those who possess wealth. Credit becomes a more thorough way to mediate the struggle between master and slave: everyone who participates in the struggle thereby becomes committed to maintaining its formal structure. system as the alienation of an essential social “wealth,” and based on that understanding, “debt” appears as the negation of an originary or potential plenitude.

—p.148 Chapter 6: The Magic of Debt; or, Reading Marx Like a Child (137) by Richard Dienst 7 years, 4 months ago