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One of those examples of debt as a social construct is in my opinion the following, which shows that even in Western economies there can be a different meaning
by wsc981 8y ago
One of those examples of debt as a social construct is in my opinion the following, which shows that even in Western economies there can be a different meaning for this concept.
In English language there's a clear separation between debt and guilt. Debt is used for money, guilt for (e.g.) the legal system when talking about criminal activities. Those are 2 different words with 2 different meanings.
But in Dutch language we don't have different words for debt and guilt. Both concepts are essentially translated to the Dutch word for guilt ("schuld") which has a much more negative connotation than debt when talking about money. The same is true for the German language for example. And this might impact policies when dealing with debt, see: https://www.ft.com/content/a2c51e14-1ded-11e0-badd-00144feab49a https://www.ft.com/content/a2c51e14-1ded-11e0-badd-00144feab...
- gred 8y agoSome churches in the US also use "debt" in this way during the Lord's prayer (i.e. not referring to financial debts): "And forgive us our debts, just as we also forgive our debtors." (Matt. 6:12)