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The American Empire in a Changing World



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Tuesday, May 8, 2012

''Debt: The First 5,000 Years – Money, myth and morality''

From Red Pepper
By David Graeber
Reviewed By Nick Dearden

''Graeber was inspired to write the book after trying to explain why ‘third world debt’ should be cancelled. Why is the idea that ‘debts must always be repaid’ such a strong moral imperative that it seems perfectly acceptable that ‘the loss of 10,000 human lives is really justified in order to ensure that Citibank wouldn’t have to cut its losses on one irresponsible loan that wasn’t particularly important to its balance sheet anyway’?''

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