Tag Archives: debt

“… 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- … Continue reading

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“Debt: Ethics, the Environment and the Economy”: the concept of indebtedness in its various senses and perspectives

From personal ‪‎finance‬ and consumer spending to ballooning national expenditures on warfare and social ‪welfare‬, debt is fundamental to the dynamics of global capitalism. This timely and broad volume, adited by Peter Y. Paik and Merry Wiesner-Hanks (University of Wisconsin-Milwaukee), … Continue reading

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Futures and ethnographies of ‪neoliberalism‬

The special issue of Cultural Anthropology “Futures of ‪Neoliberalism‬” (open access) offers theoretically-astute and fine-grained ethnographic analyses of the effects of profound changes across the Globe in various fields: workers’ wageless and disrupted life in ‪‎Brazil‬, governance of young right-extremists in … Continue reading

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“Crisis, Value & Hope: Rethinking the Economy” — Current Anthropology special issue

“Crisis, value, and hope are three concepts whose intersection and mutual constitution open the door for a rethinking of the nature of economic life away from abstract models divorced from the everyday realities of ordinary people, the inadequacies of which … Continue reading

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An interesting talk between David Graeber & Thomas Piketty on debt, capitalism, neoliberalism & inequality

Graeber: “Our feelings of helplessness stem from the fact that for thirty years the tools of persuasion and coercion have been mobilized to wage an ideological war for capitalism, rather than to create conditions for capitalism to remain viable. Neoliberalism … Continue reading

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“Modern Politics as a Trust Scheme and Its Relevance to Modern Banking” demonstrates that modern banking and politics are mirror images of each other

The trust is largely absent in the classical writings of Karl Marx and Max Weber on the origins and nature of capitalism. Jongchul Kim demonstrates in this excellent essay (that was awarded the Article of the Year by Journal of … Continue reading

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The Greek crisis is not just about Greece. “Greece, Financialization and the EU: The Political Economy of Debt and Destruction” opens a new point of view on the global and the European crisis

When the global financial crisis spread to Europe and its weak periphery through the banking sector, few contemplated that the real causes of the crisis did not reside only in the faulty architectures of globalisation and European integration but also … Continue reading

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Capitalism Takes Command: The Social Transformation of 19th Century America

A new multidisciplinary collection of researches and  essays Capitalism Takes Command, edited by Michael Zakim and Gary J. Kornblith, presents a history of family farming, general incorporation laws, mortgage payments, inheritance practices, office systems, and risk management—an inventory of the means … Continue reading

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DEBT: The First 5,000 Years

Recently, we got used to see David Graeber on TV, as one of the unofficial leaders of the Occupy movement; so what could be a better occasion to feature his unique book Debt: The First 5,000 Years. Graeber, LSE professor … Continue reading

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Microfinance and its Discontents: Women in Debt in Bangladesh

In 2006 the Grameen Bank of Bangladesh won the Nobel Peace Prize for its innovative microfinancing operations. Lamia Karim’s path-breaking study of gender, grassroots globalization, and neoliberalism in Bangladesh looks critically at the Grameen Bank and three of the leading NGOs … Continue reading

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