“… Until Debt Tear us Apart”: Debt is a Product of Power Relations

Debt is a product of power relations which inherently exhibits capturing and dominating mechanisms of subordination, appropriation and exploitation in various societal, political and economic fields. Debt is degrading institutional tool which not merely controls and masters labor in advance, it also self- and socially estranging, and entangling the indebted person solely into the ropes of economistic valuation.
Contemporary societies are burdened by the Neoliberal Pauperism which is a state of dragging-down indebtedness disguised as a fictitious “trickled-down” wealth.

Debt is a product of power relations

“…Until Debt Tear us Apart”

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2 Responses to “… Until Debt Tear us Apart”: Debt is a Product of Power Relations

  1. Pingback: The Burden of Nations: Debt and Compound Interest | Economic Sociology and Political Economy

  2. Pingback: Market Bubbles: Finance, Art, and the Golden Calf | Economic Sociology and Political Economy

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