Debt as Power
by Richard H. Robbins, Tim Di Muzio, Gurminder K. Bhambra
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Endorsements
Debt as power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet the demands of creditors and investors. The book is distinctive in offering a historically sensitive and comprehensive analysis of debt as an interconnected and global phenomenon. Rather than focusing on the historical emergence of debt as a moral obligation, the authors argue that debt under capitalism can be conceived of as a technology of power, intimately tied up with the requirement for perpetual growth and the differential capitalization that benefits 'the 1%'. Their account begins with the recognition that the histories of human communities and their natural environment are interconnected in complex spatial and hierarchical relations of power and to understand their development we need to not only examine the particularities of a given case, but more importantly their interconnected, interdependent and international relations. Since debt under capitalism is increasingly ubiquitous at all levels of society and economic growth is now the sole mantra of dominant political parties around the world, the authors argue that tracing the evolution and transformation of debt as a technology of power is crucial for understanding the 'present as history' and possible alternatives to our current trajectory. -
Reviews
Debt as power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet the demands of creditors and investors. The book is distinctive in offering a historically sensitive and comprehensive analysis of debt as an interconnected and global phenomenon. Rather than focusing on the historical emergence of debt as a moral obligation, the authors argue that debt under capitalism can be conceived of as a technology of power, intimately tied up with the requirement for perpetual growth and the differential capitalization that benefits 'the 1%'. Their account begins with the recognition that the histories of human communities and their natural environment are interconnected in complex spatial and hierarchical relations of power and to understand their development we need to not only examine the particularities of a given case, but more importantly their interconnected, interdependent and international relations. Since debt under capitalism is increasingly ubiquitous at all levels of society and economic growth is now the sole mantra of dominant political parties around the world, the authors argue that tracing the evolution and transformation of debt as a technology of power is crucial for understanding the 'present as history' and possible alternatives to our current trajectory. -
Author Biography
Richard H. Robbins is Distinguished Teaching Professor in Anthropology at Plattsburgh State University of New York, USA; Tim Di Muzio is Senior Lecturer in the School of Law, Humanities and the Arts at the University of Wollongong, Australia
Manchester University Press
Manchester University Press is a leading UK publisher known for excellent research in the humanities and social sciences.
View all titlesBibliographic Information
- Publisher Manchester University Press
- Publication Date September 2016
- Orginal LanguageEnglish
- ISBN/Identifier 9781526109903 / 1526109905
- Publication Country or regionUnited Kingdom
- Primary Price 125 USD
- ReadershipCollege/higher education; Professional and scholarly
- Publish StatusPublished
- Dimensions216 X 138 Millimeters
- SeriesTheory for a Global Age
- Reference CodeIPR8874
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