“… 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 a 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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