David Graeber argues that as modern economies move back to a system of virtual credit money, the imperial solution of managing debt through social welfare is breaking down, leading to a condition where people in countries like the United States are effectively becoming debt slaves.

Authors

• Person: Alex Bradshaw Organization: No Border Network
  Alex Bradshaw about the history of the phenomenon of debt

Sources

• Alex Bradshaw about the history of the phenomenon of debt davidgraeber.org Alex Bradshaw · No Border Network via serper

Referenced by nodes (2)

• peonage concept
• U.S. location