Medieval history expert Eleanor Janega joins to discuss Graeber's analysis of debt. They explore the moral confusion of American empire post-9/11, the ethical dilemmas of debt and lending practices, and the negative stereotypes surrounding usurers and borrowers throughout history.
Americans grapple with moral dilemma of empire despite denying imperial status.
Graver critiques normalization of violence through quantifiable debt obligations, reflecting societal moral confusion.
Deep dives
Moral Confusion in American Imperialism
Graver's Debt explores the moral confusion prevalent in Americans' perception of their country as an evil empire. Despite wielding immense military power, Americans often fail to acknowledge their imperial status. This moral dilemma became evident post-9/11, highlighting the clash between perceived goodness and actual global influence. Graver delves into how monetary systems justify seemingly outrageous acts, blurring the lines between violence and quantification.
Technocratic Acceptance of Debt-Linked Violence
Graver critiques the normalization of violence by technocratic institutions like the IMF and World Bank. Despite their exploitative practices, their actions are rationalized through quantifiable debt obligations. The notion that debts must be repaid forms a core justification for the American Empire's actions, reflecting a deep-seated moral confusion. This acceptance of debt and subsequent violence showcases a systemic flaw in societal organization.
Evil Connotations of Money Lenders and Debtors
Graver delves into the vilification of money lenders and borrowers throughout history, highlighting a pervasive moral confusion regarding debt. The inherent contradiction of condemning both lenders and debtors underscores a deep-rooted societal dilemma. By questioning common assumptions about debt and economic principles, Graver challenges traditional views on human relations and societal constructs, urging a reevaluation of long-standing myths and beliefs.