Politics of the Debt

Etienne; Balibar, --
September 2013
Postmodern Culture;Sep2013, Vol. 23 Issue 3, p0
Academic Journal
Abstract:This essay attends to the specifics of the debt economy within contemporary finance capital: its production of profit, credit, money, taxes, and derivatives; its control of institutions and its organizational techniques; its relation to the State, to banks, to industry, to labor, and to consumption; its management of risk and of cycles of boom and bust; and so forth. It offers a detailed account of debt as a generalized means of control and a powerful mechanism for generating, maintaining, and multiplying inequalities. Yet “debt” is not so much “sovereign” as characteristic of a quasi-sovereigntythat remains susceptible to conflicts and contradictions. Thus, the essay asks questions about the limitsof debt and debt accumulation. It also debates the possibility of debt cancellation, notably in the context of intensifying instabilities surrounding both the concept and practice of ownership or property.


Related Articles

  • Forgive debts to help jumpstart economic growth. SKIDELSKY, ROBERT // Prague Post;5/ 2/2012, Vol. 21 Issue 18, pA5 

    The author reflects on the debt-forgiveness approach which will help in the development of economy.

  • CONGO: Country Forecast: Highlights.  // Political Risk Yearbook: Congo Country Report;2006, p3 

    Highlights some political events in the Republic of the Congo that will have significant ramifications for the country's political and economic stability. Acquittal of 15 senior and middle-ranking members of the country's security services who were accused of killing hundreds of Congolese...

  • How to Save the Global Economy: Write Off the World's Debt. KEDROSKY, PAUL // Foreign Policy;Jan/Feb2012, Issue 191, p1 

    The article argues for debt forgiveness in the developed world as a means to end the early 21st century global economic recession. To bring this about, the author believes that consumer demand must be increased in the U.S. While the deleveraging of public debt is beneficial, the author also...

  • Sub-Saharan Africa: Madagascar.  // Handbook of Country Risk 2005-2006;2005, p385 

    The article presents a risk assessment of the economic and political conditions in Madagascar in 2005. Economic stability has been driven by the recovery of export trade and the tourism industry. Various factors permitted the country to reach the completion point in the Heavily Indebted Poor...

  • Economy set to grow - if calm prevails. Ford, Neil // African Business;Oct2007, Issue 335, p82 

    The author reflects on the economic growth of Congo-Brazzaville. He says that unlike neighboring Gabon, Congo-Brazzaville seems to have finally stemmed the fall in oil production. He adds that the economy has also been boosted by reforms that have led to debt cancellation and even praise from...

  • Political Economy, Capitalism and Sustainable Development. Liodakis, George // Sustainability (2071-1050);Aug2010, Vol. 2 Issue 8, p2601 

    After a critical review of conventional approaches to sustainability, this paper contrasts orthodox (neoclassical) economic theory with a political economy approach, arguing that such an approach focusing on the historically specific organizational form of production and the inherent...

  • Yes, we got blindsided. Rassou, Patrice // Finweek;10/20/2016, p30 

    The article focuses on how bad politics can result to bad economic outcomes. The complain of business owners regarding the volatility of the structural rigidities, currency, or low economic growth is mentioned. Other topics cited include capitalism as the solution to financial markets, the rise...

  • The South Has Already Repaid its External Debt to the North. Nakatani, Paulo; Herrera, Rémy // Monthly Review: An Independent Socialist Magazine;Jun2007, Vol. 59 Issue 2, p31 

    An essay on the debt of developing countries is presented. The debt of Southern economies is contributing to the increasing concentration of wealth in favor of Northern countries at the international level. This explains the dramatic increase in international inequalities and in relative and...

  • Capital Adequacy and the Debt-Refinancing Assumption. SHAKED, ISRAEL; D'AREZZO, PAUL; PLASTINO, DAVID // ABI Journal;Dec2014, Vol. 33 Issue 12, p28 

    The article focuses on the role of capital adequacy in the assumption of debt-refinancing among business enterprises. It discusses that capital-adequacy assesses whether a business enterprise has the capability to operate in a normal course and pay its obligations if it becomes bankrupt. It adds...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics