Comments on Profile Post by MaraDon

  1. Carlo Marx
    Carlo Marx
    Nice. I remember watching this back in the day. Read the book, Debt, when it came out as well, which was a patchy affair actually. Do you know it? IIRC Graeber is at his strongest in the first part of the book where he writes about the origins of money and coinage (esp. as a means of keeping armies moving in antiquity) and...
    Jul 6, 2017
  2. Carlo Marx
    Carlo Marx
    ...he shows how important debt amnesty was as a device for rulers in maintaining legitimacy. Graeber concludes that debt amnesty would be a good thing now, and, yep, a very strong case can be made for that. I.e. large scale debt forgiveness now...
    Jul 6, 2017
  3. Carlo Marx
    Carlo Marx
    ...would probably work to the advantage of capitalism as a system in the medium and long term; capitalists would hate this of course, crying foul over the desecration of property rights; but...
    Jul 6, 2017
  4. Carlo Marx
    Carlo Marx
    ...DG has them on the ropes because the dynamics of capitalism itself (profit-seeking behaviour ensuring investment would flood back into the forgiven void so long as expectations were managed correctly Keynes-style etc.) would return the system in a healthier state! ...
    Jul 6, 2017
  5. Carlo Marx
    Carlo Marx
    But tbh the book goes downhill after that. Graeber doesn't offer that much as a thinker - much less a leader - of the left. It's good to have an anthropologist slaughter some sacred cows of bourgeois economics, such as the myth of barter. If only (non-Freudian) psychologists...
    Jul 6, 2017
  6. MaraDon
    MaraDon
    im at half of the book, the guy has the problem many "madagascarian" anarquist has, it borders te utopian form without accepting that, what i mean is that he thinks his thread of thinking is applicable, and when you look at it closely, it is very messianica and troskistic like
    Jul 6, 2017
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  7. Carlo Marx
    Carlo Marx
    ...weren't such a cautious (conformist?) bunch, they'd no doubt be following suit, rushing in to dispel the myth of utility in its economic guise as the basis of value, price, economic behaviour etc. Until then, we'll have to make do with the odd bit of help from anarchist anthropologists I guess.
    Jul 6, 2017
  8. MaraDon
    MaraDon
    found it interesting because he is addressing a problem that my country continues to suffer (external debt) and it can be a good plataform, as you said, to at least address the issue trought an audit or something how the debt was aquired, in an era of vulture founds i found this way of addressing the situation to be a pain in the ass for neoliberalism so it is more than welcome.
    Jul 6, 2017
    Carlo Marx likes this.
  9. Carlo Marx
    Carlo Marx
    Got to go, but do you know Robert Brenner's work? The Boom and the Bubble, and The Economics of Global Turbulence - - really, really good historico-economic analysis (the best we have?) of the underlying drivers of financialisation and crisis.
    Jul 6, 2017
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  10. MaraDon
    MaraDon
    Jul 6, 2017
    Carlo Marx likes this.
  11. MaraDon
    MaraDon
    always a pleasure carlo:
    and remember "I don't say these things because they are what I think, I say them so that they no longer are what i think"
    Jul 6, 2017
    Carlo Marx likes this.
  12. Carlo Marx
    Carlo Marx
    Ha ha, I had to google that one. Nice one MaraDon, I'll get back to you once I've read some of this excellent stuff you're throwing my way. Lukacs is v.cool: an underrated philosopher these days.
    Jul 6, 2017
    MaraDon likes this.