Debt: The first five thousand years

Introduction

Throughout its 5000 year history, debt has always involved institutions – whether Mesopotamian sacred kingship, Mosaic jubilees, Sharia or Canon Law – that place controls on debt’s potentially catastrophic social consequences. It is only in the current era, writes anthropologist David Graeber, that we have begun to see the creation of the first effective planetary administrative system largely in order to protect the interests of creditors.

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26. April 2010 by Miguel Barbosa
Categories: Curated Readings, Finance & Investing | Leave a comment

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