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Introduction: All That We Owe

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terms
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notes

Dienst, R. (2017). Introduction: All That We Owe. In Dienst, R. The Bonds of Debt. Verso, pp. 1-6

1

[...] Although their victories have never been as decisive as those of ancient generals and golden-age imperialists, the rulers of our era do exercise a special kind of dominion. Above and beyond the monopoly of violence claimed by the major states, there has emerged a new kind of command, a monopoly of actuality, exercised on one hand through the power of teletechnology to shape the world in its own image, and on the other by the power of money to decide what deserves to exist. [...]

—p.1 by Richard Dienst 6 years, 6 months ago

[...] Although their victories have never been as decisive as those of ancient generals and golden-age imperialists, the rulers of our era do exercise a special kind of dominion. Above and beyond the monopoly of violence claimed by the major states, there has emerged a new kind of command, a monopoly of actuality, exercised on one hand through the power of teletechnology to shape the world in its own image, and on the other by the power of money to decide what deserves to exist. [...]

—p.1 by Richard Dienst 6 years, 6 months ago
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[...] the official version of this history will not be written by "the victors" but by the creditors, for whom every human accomplishment or aspiration becomes subject to henceforth interminable wrangling and hoarding. [...] Any expression of collective possibility and promise, beleaguered in the best of times, must struggle to make itself heard in an atmosphere filled with endless chattering in praise of immense wealth.

—p.3 by Richard Dienst 6 years, 6 months ago

[...] the official version of this history will not be written by "the victors" but by the creditors, for whom every human accomplishment or aspiration becomes subject to henceforth interminable wrangling and hoarding. [...] Any expression of collective possibility and promise, beleaguered in the best of times, must struggle to make itself heard in an atmosphere filled with endless chattering in praise of immense wealth.

—p.3 by Richard Dienst 6 years, 6 months ago

the process whereby the financial industry becomes more prominent

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The so-called "financialization" of the global economy encompasses more than the operations of financial capital.

—p.4 by Richard Dienst
notable
6 years, 6 months ago

The so-called "financialization" of the global economy encompasses more than the operations of financial capital.

—p.4 by Richard Dienst
notable
6 years, 6 months ago