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Debt as Power de Richard H. Robbins

Debt as Power: Theory for a Global Age

Autor Richard H. Robbins, Tim Di Muzio
en Limba Engleză Hardback – 2016
Debt as power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet the demands of creditors and investors. The book is distinctive in offering a historically sensitive and comprehensive analysis of debt as an interconnected and global phenomenon. Rather than focusing on the historical emergence of debt as a moral obligation, the authors argue that debt under capitalism can be conceived of as a technology of power, intimately tied up with the requirement for perpetual growth and the differential capitalization that benefits 'the 1%'.
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Specificații

ISBN-13: 9781784993252
ISBN-10: 1784993255
Pagini: 216
Dimensiuni: 140 x 216 x 14 mm
Greutate: 0.4 kg
Editura: MANCHESTER UNIVERSITY PRESS
Seria Theory for a Global Age

Descriere

"Debt as power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet the demands of creditors and investors."

Caracteristici

New revelations include the role of debt in the Atlantic slave trade and in the establishment of modern capitalism in Europe

Notă biografică

Richard H. Robbins is Distinguished Teaching Professor in Anthropology at Plattsburg State University of New York, USATim Di Muzio is Senior Lecturer in the School of Law, Humanities and the Arts at the University of Wollongong, Australia

Cuprins

Introduction: Towards a Stark UtopiaOrigins: War, National Debt and the Capitalist StateIntensification: War, Debt and Colonial PowerConsequences: Exponential Growth, Magic Money and AusterityWhat Is To Be Done?BibliographyIndex

Recenzii

This is economic anthropology at its best – relevant, sophisticated, and readable. The authors brilliantly show how debt has been the essential glue that holds the world economic system together, an instrument that spreads untold misery and modern forms of slavery, to the continuing benefit of creditors. A powerful anthropological answer to Piketty’s “Capital in the 21st Century,” Debt as Power is a clear-eyed and thoroughly original dissection of capitalism, an essential guide to understanding how today’s world works. This is an important book, a comprehensive and sensible guide to our economic future.
This book is a crucial introduction to the phenomenon of debt, and should be part of a standard issue survival kit for young people around the world. Those of us already in debt may also yet benefit from its insights. Debt, argue Di Muzio and Robbins, is more than an economic and social debacle: it is a technique of government for disciplining and managing people and the environment. At the same time, however, the individuation of the power to make money, by taking on debt, increasingly puts the world economy in the hands of everyday people. The realization of this power, Di Muzio and Robbins conclude, could be the key to a more equitable and ecologically sane future. Forget Foucault? I think not!
Meticulously researched and clearly exposited, Debt as Power makes a most convincing case that modern capitalism must be explained as political economy. An indispensible companion to understanding contemporary world affairs.