chadkoh reviewed Debt: The First 5,000 Years by David Graeber
Review of 'Debt: The First 5,000 Years' on 'Goodreads'
5 stars
Very thought-provoking read. The destruction of the Myth of Barter, and the spanking of the field of Economics for perpetuating it, is the obvious centerpiece for this book. In addition to that, I have to say the de-linking of "the market" and "Capitalism" was another big blow for me. It is obvious to me now that these two are not the same, but Graeber does an excellent job demolishing the foundations of received wisdom.
I will likely read this book again at some point, next time in text, not only to highlight some of the excellent lines, but also to try and grasp his judgement on credit. Though he denounces debt and ridicules coinage, he seems to be okay with credit, at least in its traditional "honourable" sense. Certainly he highlights the predatory, but I think I missed his final stance in the audio.