[...] Graeber's overarching argument is that debt (and money) don't emerge naturally from some neutral mechanism to hold society together; they emerge from power and coercion. Rather than money being a neutral human tool that then inequitably accumulates in the pockets of some rather than others, money and debt were "invented," so to speak, in order to normalize, legitimize, and facilitate power. [...]
[...] Graeber's overarching argument is that debt (and money) don't emerge naturally from some neutral mechanism to hold society together; they emerge from power and coercion. Rather than money being a neutral human tool that then inequitably accumulates in the pockets of some rather than others, money and debt were "invented," so to speak, in order to normalize, legitimize, and facilitate power. [...]
What would it mean to take this debt to future generations seriously? It would likely mean the relentless struggle to abolish a system that condemns so many of them (of all of us) to a fate of unpayable debt, financial debt but also the toxic legacies we leave behind: climate debt, ecological debt, the sociological debts of a world riven by inequality, and the violence it products.
What would it mean to take this debt to future generations seriously? It would likely mean the relentless struggle to abolish a system that condemns so many of them (of all of us) to a fate of unpayable debt, financial debt but also the toxic legacies we leave behind: climate debt, ecological debt, the sociological debts of a world riven by inequality, and the violence it products.
[...] what does it mean for the Troika to insist on the repayment of a debt that even they realize can never be repaid, a debt that, in fact, fatally undermined the debtor's ability to ever repay? At this point, the debt appears less and less like a financial obligation and more and more like a kind of vengeance.
[...] what does it mean for the Troika to insist on the repayment of a debt that even they realize can never be repaid, a debt that, in fact, fatally undermined the debtor's ability to ever repay? At this point, the debt appears less and less like a financial obligation and more and more like a kind of vengeance.
(adjective) kind obliging / (adjective) dutiful / (adjective) volunteering one's services where they are neither asked nor needed; meddlesome / (adjective) informal unofficial
the officious viciousness of the Nazi occupation of the country
i thought it meant like lackluster?
the officious viciousness of the Nazi occupation of the country
i thought it meant like lackluster?
[...] All three key dimensions of the so-called FIRE sector (finance, insurance, and real estate) were essentially born in the crucible of European imperialism and (settler-)colonialism: Both stock markets and the joint-stock, limited liability corporation had their origins in AMsterdam and London in the financing of colonial ventures, settler colonies and the slave trade. [...]
this is really bringing home the (now kinda cliched but still crucial) frankfurt school point about the enlightenment/modernity being not an escape from brutality/horror but instead fundamentally entwined with it
[...] All three key dimensions of the so-called FIRE sector (finance, insurance, and real estate) were essentially born in the crucible of European imperialism and (settler-)colonialism: Both stock markets and the joint-stock, limited liability corporation had their origins in AMsterdam and London in the financing of colonial ventures, settler colonies and the slave trade. [...]
this is really bringing home the (now kinda cliched but still crucial) frankfurt school point about the enlightenment/modernity being not an escape from brutality/horror but instead fundamentally entwined with it