4min chapter

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Debt: The First 5000 Years (Audiobook) David Graeber

Notus & Friends

CHAPTER

The Moral Issues of Debt

When the international community does perceive a moral issue, it's usually when they feel the mallagasse government is being slow to pay their debts. But debt can also be a way of punishing winners who weren't supposed to win. Haite was a nation founded by former plantation slaves who had the temerity not only to rise up in rebellion amidst grand declarations of universal rights and freedoms but to defeat napoleon's armies sent to return them to bondage. France immediately insisted that the new republic owed it a hundred and 50 million francs in damages for the expropriated plantations. And all other nations, including the united states, agreed to impose an embargo on the country until it was paid. The

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