I was unimpressed by Graeber’s Debt: The First 5,000 Years. Its conclusions were juvenile, a moralist’s wish to abolish the machinery that sustains civilization. Debt is not an aberration of justice; it is its ledger. The financial edifice may be flawed, but it is constructed and destroying it is not an option. Even sovereign adversaries,Continue reading “Financial Warfare Redux”
Tag Archives: financial warfare
Graeber’s “Debt”
Too many books sit unread on my shelf. This weekend, I finally made my way to Debt, The First 5,000 Years by David Graeber (2011). The first chapter prepared me for disappointment. Graeber proudly announces his role in protesting the IMF and occupying Wall Street (I did not know his background before buying his books).Continue reading “Graeber’s “Debt””
Economic Warfare
Russia’s invasion of Ukraine (this time) was met with rhetorical resolve and (largely) unified economic sanctions by the West. [1] The mechanism and impact of sanctions is hard to imagine and – unfortunately – hurts the general public more than the oligarchs and political elite of Russia. The Financial Times is the best and mostContinue reading “Economic Warfare”