There are markets extending from Mali, Indonesia, way outside the purview of any one government which operated under civil laws, so contracts weren't, except on trust. So they have this free market ideology the moment they have markets operating outside the purview of the states, as prior to that markets had really mainly existed as a side effect of military operations.
David GraeberDebt - like sin - implies that one party in the transaction didn't live up to expectations, at least in the moment, and has done something wrong.
David GraeberThe working poor are the people suffering out subprime mortgages and fatal loans and more and more of our money - you know, capitalism is operated by extracting money, not so much directly being paid.
David GraeberIf you want to minimize the possibility of unexpected breakthroughs, tell people they will receive no resources at all unless they spend the bulk of their time competing against each other to convince you they know in advance what they are going to discover.
David GraeberThere seems a general rule that, the more obviously oneโs work benefits other people, the less one is likely to be paid for it.
David GraeberThe fascinating thing about standard economic stories is exactly that: they assume that everybody wants that kind of closure. That all human relations are forms of exchange, because if everything is an exchange then it's true that we're both equals. We walk up, I give you something, you give me something, and we walk away. Or I give you something, you don't give me something right now, and you owe me. So if we have any ongoing relationships at all, it's because somebody is in debt.
David Graeber