Giorgio Bertini
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Tag Archives: debts
Crisis in the Eurozone
A controversial call to break up the Eurozone and stop the debt crisis. First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt … Continue reading
Debt : The first 5,000 years
Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long … Continue reading
Manufacturing perfect Debtors: a comment on the Debt Industries
The growing issue of personal debt the so-called debt crisis is more and more being represented as an issue of individual financial capability and responsibility. Problems of personal debt are constructed as something that can be remedied through improved access … Continue reading
Reconceptualizing Debt Bondage: Debt as a Class-Based Form of Labor Discipline
This article challenges the tendency to conceptualize contemporary debt bondage as an individualized relationship between employer and victim. It highlights the systemic relations of inequality that underpin debt bondage in advanced capitalist countries, focusing on temporary migrant workers in the … Continue reading
The Student Loan “Debt Bomb”: America’s Next Mortgage-Style Economic Crisis?
Americans now owe more on student loans than on credit cards. The amount of student borrowing crossed the $100 billion threshold for the first time in 2010 and total outstanding loans and exceeded $1 trillion for the first time last … Continue reading
Greece, Lehman, and the politics of Too Big To Fail
The looming second banking crisis raises the question whether banks have learned anything from the Lehman debacle only three years ago. They have indeed learned a lesson, but you may not like it. So we face another Lehman moment. The … Continue reading
What I think about Occupy Wall Street
For the last 10 years, I have lamented the way college loans work in this country. If you are able to fill out the immense piles of paperwork you need to fill out to get a loan for your education, … Continue reading
Posted in Debt, Movimientos sociales, OWS, Social movements, Student loans
Tagged debts, movimientos sociales, OWS, social movements, student loans
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Generation in Debt – the University in Default & the Undoing of Campus Life
Last August, student loans surpassed credit cards as the nation’s single largest source of debt, edging ever closer to $1 trillion. For all the moralizing about American consumer debt by both parties, no one dares call higher education a bad … Continue reading
Posted in Debt, Defaults, Estudiantes, Higher education, Student, Student loans, University
Tagged debts, higher education, loans, student loans, students, university
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This Time Is Different: Eight Centuries of Financial Folly
Throughout history, rich and poor countries alike have been lending, borrowing, crashing–and recovering–their way through an extraordinary range of financial crises. Each time, the experts have chimed, “this time is different“–claiming that the old rules of valuation no longer apply … Continue reading
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