Diana Patino about “Debt: The First 5000 years”
Feb 2019
Debt: The First 5000 years / Review
What does the National Debt mean to us? What is the definition of debt? I’m not economically savvy, but I do consider understanding the origins of our economic system is crucial. What if I tell you barter systems never existed? What if I prove you all societies are communistic at their roots?
These type of questions get answered through David Graeber’s work. His book is a review of how debt shaped society. In the realm of morality, debt is the measure of one’s trust in another. In a geopolitical scale debt is an instrument of power. Indeed, it is a thought-provoking book and I just wonder what do economist think of David’s research? That might be my next task as his words are a true reversal of conventional wisdom.
