Immorality of debt

More inspiration for the paper I wish I had time to write on this!!

David Graeber interview

First comes gift-giving (which creates reciprical obligation). This becomes encoded in debt, which leads to money. Barter only comes later.

The old myth is that barter came first, then money. Rebuttal: “Think about what they’re saying here – basically: that a bunch of Neolithic farmers in a village somewhere will be engaging in transactions only through the spot trade.”

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Posted on August 30, 2011, in Uncategorized and tagged . Bookmark the permalink. Leave a comment.

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