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Governing by Debt

By Maurizio Lazzarato, Joshua David Jordan (Translator)
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By Maurizio Lazzarato, Joshua David Jordan (Translator)
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An argument that under capitalism, debt has become infinite and unpayable, expressing a political relation of subjection and enslavement.

Experts, pundits, and politicians agree: public debt is hindering growth and increasing unemployment. Governments must reduce debt at all cost if they want to restore confidence and get back on a path to prosperity. Maurizio Lazzarato's diagnosis, however, is completely different: under capitalism, debt is not primarily a question of budget and economic co...

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BusinessPhilosophyCurrent Affairs & PoliticsEconomicsMajor Branches of Philosophical StudyPolitical Theory & IdeologyEconomic Theory & Schools of ThoughtEconomic Theory - General & MiscellaneousPolitical PhilosophyGeneral & Miscellaneous Political Theory