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David Graeber studied 5,000 years of debt: real dirty secret is that if the deficit ever completely went away, it would cause a major catastrophe (via In the Arena) July 15, 2011

Filed under: Uncategorized — walterhisownself @ 2:20 am
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This interview with David Graeber on Debt is germane to the current debate in the U.S. on raising the State deficit. We must not simply look at the current financial situation as it stands, but examine it from the perspective of the system itself.

David Graeber studied 5,000 years of debt: real dirty secret is that if the deficit ever completely went away, it would cause a major catastrophe ONLY ON THE BLOG: Answering today’s OFF-SET questions is David Graeber, who teaches anthropology at Goldsmiths College, University of London. He is the author of “Towards an Anthropological Theory of Value,” “Lost People,” and “Possibilities: Essays on Hierarchy, Rebellion and Desire.” His new book is entitled “Debt: The First 5,000 Years,” and in it, Graeber indeed examines the historical significance of debt, the struggle between rich and poor, … Read More

via In the Arena

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