Notus & Friends

Debt: The First 5000 Years (Audiobook) David Graeber

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May 6, 2023
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INSIGHT

Moral Power of Debt

  • "Surely one has to pay one's debts" is a moral, not economic, statement.
  • This makes it powerful, able to justify terrible actions by making victims seem wrong.
ANECDOTE

Malaria in Madagascar

  • David Graeber lived in Madagascar during a malaria outbreak.
  • IMF-imposed austerity measures cut the mosquito eradication program, causing 10,000 deaths.
INSIGHT

Debt's Flexible Power

  • Debt's power comes from its flexible definition and our lack of understanding.
  • Reframing violence as debt makes it seem moral and blames the victim.
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