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David Graeber: Debt (2011, Melville House) 4 stars

The author shows that before there was money, there was debt. For 5,000 years humans …

Violence ends in Debt

5 stars

David Graeber is a master of taking a familiar idea, then leaving it precisely where it is, and moving you as a reader around it to see it from unexpected angles. In Debt he does this masterfully. Beginning with a critique of the moralistic perspective of debt ("one should pay one's debts"), followed with a sharp denial of a common claim by most modern economists (that barter preceded money), Graeber lays into five thousand years of economic history via meticulous research and his own brand of coy, enjoyable writing.

From an anthropological analysis of contemporary societies to a historical analysis that thankfully takes in European and non-European views, the book is appreciably ambitious. It seamlessly links debt and contemporary economics to war, plunder and violence, something that has been long discussed but rarely so eloquently. It is also not without its flaws or a few broad claims, but Graeber's way of writing was always to present a polemic argument that challenges a status quo. The final argument, well presented, infers that debt is maybe not as necessary as we all believe, or at least that it might be worth society trying to go without it for a little while.