“ By contrast, Graeber argues that purely monetary debts – such as the $14k I owe in student debts to a variety of banks – legitimize violence and exploitation precisely because they take an otherwise irreducibly complex human relation and reductively simplify it into a number. When you quantify a debt with financial precision – and especially when you invest paying it off with profound moral gravity, making it a fundamental moral imperative – you take what was a human relationship of mutual imbrication and co-implication into a financial one based on a kind of moral dominance, and thereby subject the indebted party to the mechanisms of financial debt collection instead of the precepts of human morality.
economics
poltics
