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95

Chapter 4: Letter to Bono

4
terms
3
notes

Dienst, R. (2017). Chapter 4: Letter to Bono. In Dienst, R. The Bonds of Debt. Verso, pp. 95-118

101

That is why the issue of debt relief necessarily raises historical and political questions about the way such debts have been contracted, enforced, and unequally imposed across whole societies and the whole world. There is, to say the least, always a disparity between the official parties who contract debts and the multitude of people who try to live under the burdens of sovereign indebtedness. In the contemporary global economy, indebtedness should not be viewed as the accidental product of bad luck or poor planning: as we have seen, it functions everywhere as a regime of top-down control and network discipline, designed to replace older forms of social negotiation and political autonomy. As this regime becomes entrenched, every dimension of social life will be restructured according to the wishes of the creditors and their local enforcers, rationing access to everything from work and education to clean water and air, subjecting every component of the local economy to increasingly direct pressures from the global markets. [...]

—p.101 by Richard Dienst 6 years, 8 months ago

That is why the issue of debt relief necessarily raises historical and political questions about the way such debts have been contracted, enforced, and unequally imposed across whole societies and the whole world. There is, to say the least, always a disparity between the official parties who contract debts and the multitude of people who try to live under the burdens of sovereign indebtedness. In the contemporary global economy, indebtedness should not be viewed as the accidental product of bad luck or poor planning: as we have seen, it functions everywhere as a regime of top-down control and network discipline, designed to replace older forms of social negotiation and political autonomy. As this regime becomes entrenched, every dimension of social life will be restructured according to the wishes of the creditors and their local enforcers, rationing access to everything from work and education to clean water and air, subjecting every component of the local economy to increasingly direct pressures from the global markets. [...]

—p.101 by Richard Dienst 6 years, 8 months ago
105

[...] More people did indeed receive anti-retroviral drugs than before, because the US government brokered a patent-protection deal with the Big Pharma companies. Surely this strategy has its costs. Should we count the number of people “saved” by the pro-patent approach against the number of people who might have been saved if the patents had simply been broken by the endangered countries? And who can quantify the damage done by narrowly moralizing public health campaigns? As long as the standard of performance begins with “better than nothing,” there will always be a semblance of progress even if nothing really changes. But it is difficult to celebrate the number of people “alive today” because of President Bush’s policies—which is Bono’s constant refrain—without asking whether more people might be alive if different priorities had prevailed. Or to put it another way: whenever a superpower trumpets the lives it has saved in one place, it is absolutely necessary to ask about the lives it has taken elsewhere.

—p.105 by Richard Dienst 6 years, 8 months ago

[...] More people did indeed receive anti-retroviral drugs than before, because the US government brokered a patent-protection deal with the Big Pharma companies. Surely this strategy has its costs. Should we count the number of people “saved” by the pro-patent approach against the number of people who might have been saved if the patents had simply been broken by the endangered countries? And who can quantify the damage done by narrowly moralizing public health campaigns? As long as the standard of performance begins with “better than nothing,” there will always be a semblance of progress even if nothing really changes. But it is difficult to celebrate the number of people “alive today” because of President Bush’s policies—which is Bono’s constant refrain—without asking whether more people might be alive if different priorities had prevailed. Or to put it another way: whenever a superpower trumpets the lives it has saved in one place, it is absolutely necessary to ask about the lives it has taken elsewhere.

—p.105 by Richard Dienst 6 years, 8 months ago

the postulate that markets are organised most effectively by private enterprise and that the private pursuit of accumulation will generate the most common good; accomplished by opening international markets and financial networks, and downsizing the welfare state

107

the impression that there is only one way to address global poverty (let’s call it messianic neoliberalism)

on Bono lol love it

—p.107 by Richard Dienst
notable
6 years, 8 months ago

the impression that there is only one way to address global poverty (let’s call it messianic neoliberalism)

on Bono lol love it

—p.107 by Richard Dienst
notable
6 years, 8 months ago

unable to be resisted or avoided; inescapable

107

From moment to moment, television has an ineluctable way of making connections, sometimes surprising and sometimes not surprising at all.

—p.107 by Richard Dienst
notable
6 years, 8 months ago

From moment to moment, television has an ineluctable way of making connections, sometimes surprising and sometimes not surprising at all.

—p.107 by Richard Dienst
notable
6 years, 8 months ago

a set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.–based institutions like the IMF and the World Bank (in a nutshell, neoliberalism); term first used in 1989 by English economist John Williamson

114

The so-called Washington Consensus, confidently enforced by the IMF, World Bank, and other economic institutions since the 1970s, has been comprehensively challenged from within the ranks of its own practitioners.

—p.114 by Richard Dienst
notable
6 years, 8 months ago

The so-called Washington Consensus, confidently enforced by the IMF, World Bank, and other economic institutions since the 1970s, has been comprehensively challenged from within the ranks of its own practitioners.

—p.114 by Richard Dienst
notable
6 years, 8 months ago
115

It is hard to avoid the impression that the “new paradigm” is essentially the same as the old one, now pursuing global free market restructuring in the name of morality rather than economic efficiency. [...] Above all Sachs wants to argue that the end of poverty can be accomplished without diminishing, let alone threatening, the accumulation regime organized by the rich world. Thus the accent of guilt has been switched from the past to the future: the rich should no longer feel guilty about the historical processes that brought about impoverishment and suffering, because that had nothing to do with the accumulation of their wealth, but they should henceforth feel responsible for ameliorating the suffering of others, because their security demands it and, in a pinch, their surplus can afford it.

on Jeffrey D. Sachs' book The End of Poverty (I think I gave it away without ever having read it because even as an unwoke teenager I thought it seemed kinda weak)

—p.115 by Richard Dienst 6 years, 8 months ago

It is hard to avoid the impression that the “new paradigm” is essentially the same as the old one, now pursuing global free market restructuring in the name of morality rather than economic efficiency. [...] Above all Sachs wants to argue that the end of poverty can be accomplished without diminishing, let alone threatening, the accumulation regime organized by the rich world. Thus the accent of guilt has been switched from the past to the future: the rich should no longer feel guilty about the historical processes that brought about impoverishment and suffering, because that had nothing to do with the accumulation of their wealth, but they should henceforth feel responsible for ameliorating the suffering of others, because their security demands it and, in a pinch, their surplus can afford it.

on Jeffrey D. Sachs' book The End of Poverty (I think I gave it away without ever having read it because even as an unwoke teenager I thought it seemed kinda weak)

—p.115 by Richard Dienst 6 years, 8 months ago

1925–1995: French philosopher (has influenced literary theory, post-structuralism and postmodernism)

118

In order to start thinking about the relationship between indebted- ness, visibility, and space, we can turn to an essay by Gilles Deleuze, “Postscript on Control Societies” (1990).

he seems like someone I need to start reading

—p.118 by Richard Dienst
notable
6 years, 8 months ago

In order to start thinking about the relationship between indebted- ness, visibility, and space, we can turn to an essay by Gilles Deleuze, “Postscript on Control Societies” (1990).

he seems like someone I need to start reading

—p.118 by Richard Dienst
notable
6 years, 8 months ago