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4min chapter
Tooze and Klein on China's Economic History and Future
ChinaTalk
The Politics of Debt
The politics of debts is not just at the peak level, but within the political class in the cities. People will subscribe to this stuff out of patriotism, so as to free their governments from the constraint of external debt. Heroic discourse isn't dead. Only what? What's more interesting, i think, is whether or not there is any longer a politics of organized sacrifice. And how do you extend it to the economy at large, to other domains of social life?
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