David GRAEBER :: Debt, the first 5,000 years (2011 book, social anthropology) . [“There is nothing new about virtual money. Actually this was the original form of money. ” e.g. 3000 BC Mesopotamia] - http://www.worldcat.org/title...
Oct 5, 2011
from
Interesting historical link between issuing currency, global debt, and military strength. "Debt is intrinsically linked to power, since credit can be used to exploit or control people. And the power is doubly effective because debt is so overlaid with moral context. There is no better way to justify unequal power relations than “by reframing them in the language of debt … because it immediately makes it seem that it’s the victim which is doing something wrong”. Just as debtors in Mesopotamia used to end up as slaves, so too, American subprime mortgage borrowers – or third world nations – become in effect enslaved to credit systems." Review http://www.ft.com/intl...
- Adriano
Graeber was denied tenure as a professor most likely because he criticized certain (labor and academic) practices at Yale. He is now part of the Occupy Wall Street movement. His perspective is currently very relevant since the global financial crisis has escalated from the homeowner level to national and supranational levels -- all due to debt issues. #OccupyWallStreet
- Adriano
quotable: "A major reason the U.S. has a deficit to begin with is that we spend more on our military than all other nations in the world combined. But the military backs up the entire financial system. Think of these "loans," then, as the salary we're being paid for acting as the world's enforcers." http://www.nydailynews.com/opinion...
- Adriano
2012 Authors@Google, http://youtu.be/CZIINXhGDcs FYI 81-min running time.
- Adriano