December 11, 2011

Debt is the perversion of a promise.


Debt is the perversion of a promise, a promise that has been perverted through mathematics and violence. I’m not saying mathematics is bad, but the combination of mathematics and violence is extremely bad. A debt is a promise to give a certain sum of money, in a certain amount of time, under certain conditions. It is a contract that is ultimately enforceable through the threat of force. The problem is that through a genuinely perverse historical alchemy, we’ve come to see such acts of violence as the very essence of morality.

- David Graeber

[The rest of the interview can be found here.]


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