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I think you mistook my comment as a defense of capitalism. Although I do believe a system based on private property and individual freedom is superior to the al
by elteto 3y ago
I think you mistook my comment as a defense of capitalism. Although I do believe a system based on private property and individual freedom is superior to the alternative, I wasn’t making that statement. I was just pointing out something at a much lower level: we need debt relief because we don’t live in a perfect world, things go south and we need for people to be able to move on. That’s it.
We could talk about the inequalities built into the system, but that would be a different conversation.
- ToucanLoucan 3y agoAh that's very fair. My apologies.
- specialist 3y agoYes and: As an anthropologist, Graeber details historical examples of capital, markets, debt, currency, etc. TLDR: They're all ancient. Graeber doesn't try to define capitalism much less Capitalism. He cares about social structures and relations, not finance and monetary policy. But absolutely do not take me as an authority on Graeber or these subjects. He spent decades researching and refining. I'm just relating my noob understanding of his writing.
- danans 3y ago> we need debt relief because we don’t live in a perfect world, things go south and we need for people to be able to move on. That’s it. We need debt relief (AKA bankruptcy) to avoid actual debt-slavery, which is what preceded bankruptcy laws.