Petr Havel's Reviews > Debt: The First 5,000 Years
Debt: The First 5,000 Years
by David Graeber
by David Graeber
This book led me to re-think some of the fundamental aspects I have always thought our modern society is based upon: the basis of the current monetary system, market economies, the illusion of barter markets and most fundamentaly the way that debt is intertwined into the fabric of human interaction.
Overall this is pleasant read, as an overview of market and monetary history from an anthropological perspective. The book starts to lag in sections where the author tries to apply his own solutions to the problems at hand, although I agree that love and trust are a good basis for personal interaction and will always have to be present, I do not think that they alone are able to create a system that is capable of organizing the global society on it's current scale.
There are certain thoughts peppered throughout this book that the author does not do justice from my perspective and could have larger implications in long run:
means of annulling debt - the proposed global pardon on debt seems to be much too intrusive for any dynamic system, but the same objective could be achieved through the introduction of materialistic rules, that are globally applicable.
The inescapable fact the interest baring loans have been almost fully divulged from the risk inherent in the financed projects and repayment is taken for granted(as if no risk was associated).
No solution whatsoever is proposed for the current divide in the real growth of productivity per person and stagnation of real world wages, this in turn results in the current upheaval we are experiencing where the top 10% get all the profits(see http://www.businessinsider.com/here-a...)
Overall this is pleasant read, as an overview of market and monetary history from an anthropological perspective. The book starts to lag in sections where the author tries to apply his own solutions to the problems at hand, although I agree that love and trust are a good basis for personal interaction and will always have to be present, I do not think that they alone are able to create a system that is capable of organizing the global society on it's current scale.
There are certain thoughts peppered throughout this book that the author does not do justice from my perspective and could have larger implications in long run:
means of annulling debt - the proposed global pardon on debt seems to be much too intrusive for any dynamic system, but the same objective could be achieved through the introduction of materialistic rules, that are globally applicable.
The inescapable fact the interest baring loans have been almost fully divulged from the risk inherent in the financed projects and repayment is taken for granted(as if no risk was associated).
No solution whatsoever is proposed for the current divide in the real growth of productivity per person and stagnation of real world wages, this in turn results in the current upheaval we are experiencing where the top 10% get all the profits(see http://www.businessinsider.com/here-a...)
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Reading Progress
| 10/23/2011 | page 544 |
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100.0% |
