Why We Owe: David Graeber on the Origins of Debt

From unpaid bills to entire governments facing bankruptcy, debt is never far from our minds or the news. It’s deeply embedded in our lives: our language, culture, even major religions. It’s also at the heart of many of our most pressing political debates. But have you ever thought about where debt comes from? On this edition of Making Contact we hear from Anthropologist, David Graeber, author of Debt: The First 5,000 Years. Graeber traces the history of debt and asks what might we learn from how societies in the past dealt with it. His 2011 talk was recorded by Allan Campbell, producer of People United at KOOP radio, in Austin Texas and featured on Bread and Roses Radio

Featured Guest(s): David Rolfe Graeber is an American anthropologist and anarchist activist, perhaps best known for his 2011 volume Debt: The First 5000 Years. He is Professor of Anthropology at the London School of Economics. As an assistant professor and associate professor of anthropology at Yale from 1998–2007 he specialised in theories of value and social theory. The university’s decision not to rehire him when he would otherwise have become eligible for tenure sparked an academic controversy, and a petition with more than 4,500 signatures. He went on to become, from 2007–13, Reader in Social Anthropology at Goldsmiths, University of London.
His activism includes protests against the 3rd Summit of the Americas in Quebec City in 2001, and the 2002 World Economic Forum in New York City. Graeber was a leading figure in the Occupy Wall Street movement, and is sometimes credited with having coined the slogan, “We are the 99 percent”.


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