
Debt: The First 5,000 Years,Updated and Expanded

Human nature does not drive us to “truck and barter.” Rather, it ensures that we are always creating symbols—such as money itself. This is how we come to see ourselves in a cosmos surrounded by invisible forces; as in debt to the universe.
David Graeber • Debt: The First 5,000 Years,Updated and Expanded
by the time the curtain goes up on Mesopotamian civilization around 3500 BC, temple administrators already appear to have developed a single, uniform system of accountancy—one that is in some ways still with us, actually, because it’s to the Sumerians that we owe such things as the dozen, 60-minute hour, or the 24-hour day.32 The basic monetary
... See moreDavid Graeber • Debt: The First 5,000 Years,Updated and Expanded
What, precisely, does it mean to say that our sense of morality and justice is reduced to the language of a business deal? What does it mean when we reduce moral obligations to debts? What changes when the one turns into the other? And how do we speak about them when our language has been so shaped by the market? On one level the difference between
... See moreDavid Graeber • Debt: The First 5,000 Years,Updated and Expanded
Saying we are all really pursuing our own self-interest provides a way to cut past the welter of passions and emotions that seem to govern our daily existence, and to motivate most of what we actually observe people to do (not only out of love and amity, but also envy, spite, devotion, pity, lust, embarrassment, torpor, indignation, and pride) and
... See moreDavid Graeber • Debt: The First 5,000 Years,Updated and Expanded
I’ve already mentioned the tendency of gift exchange to turn into games of one-upmanship, and how in some societies this potential is formalized in great public contests. This is typical, above all, of what are often called “heroic societies”: those in which governments are weak or nonexistent and society is organized instead around warrior
... See moreDavid Graeber • Debt: The First 5,000 Years,Updated and Expanded
How is this calculability effectuated? How does it become possible to treat people as if they are identical? The Lele example gave us a hint: to make a human being an object of exchange, one woman equivalent to another, for example, requires first of all ripping her from her context; that is, tearing her away from that web of relations that makes
... See moreDavid Graeber • Debt: The First 5,000 Years,Updated and Expanded
Eventually, two women adopted her and explained that all such gifts did have to be returned. It would be entirely inappropriate to simply accept three eggs from a neighbor and never bring anything back. One did not have to bring back eggs, but one should bring something back of approximately the same value. One could even bring money—there was
... See moreDavid Graeber • Debt: The First 5,000 Years,Updated and Expanded
Any argument about economic affairs, about rights of access to or the disposition of valuable products or resources, let alone about debt, is always going to be a tangle of different moral discourses clashing in a dozen different ways.
David Graeber • Debt: The First 5,000 Years,Updated and Expanded
Rather than euthanize the rentiers, everyone could now become rentiers—effectively, could grab a chunk of the profits created by their own increasingly dramatic rates of exploitation.