Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Tuesday, January 3, 2012

One Sentence or So On Debt And Monetization

Having mulled Graeber's overarching argument over, I think it can be summed up as money made this mess and only getting rid of money can get us out of it. It's this latter point that  leads to his concluding unscientific postscript in which he wonders what shape the new world order will take and from what direction will the shapers come.

Saturday, October 29, 2011

Debt: The First 5000 Years

I recently finished reading Graeber's Debt and highly recommend it. One caveat is that his discussion of slavery is difficult to maintain. He runs into difficulty on the level of slavery during the middle ages and his contention that no one "really" believed the, shifting to be sure, justifications for slavery. It's not clear to me how or if these errors forwards his argument but it is a serious error. He might want to at least consult one David Bryon Davis many books.

The book is also very much a polemical attempt at rethinking world history and should be read as such, which means checking the facts before repeating them. However, the argument is well worth the time. He writes with a sort of breezy pop-donishness that eases the process. I'll have more to say about this book later.