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The Debt System: A History of Sovereign Debts and their Repudiation
Toussaint, Éric
Date Written: 2019-04-16Publisher: Haymarket Books Year Published: 2019 Pages: 270pp ISBN: 9781608463091 Resource Type: Book Cx Number: CX23539 A history of national debt and the international power structures it supports. Calls for the repudiation of illegitimate debt. Abstract: -- Publisher's Description: This compelling, provocative, and accessible volume offers a rejoinder to the prevailing wisdom that views debt as holy writ. For as long as there have been rich nations and poor nations, debt has been a powerful force for maintaining the unequal relations between them. Treated as sacrosanct, immutable, and eternally binding, it has become the yoke of choice for imperial powers in the post-colonial world to enforce their subservience over the global south. In this ground-breaking history, renowned economist Éric Toussaint argues for a radical reversal of this balance of accounts through the repudiation of sovereign debt. Subject Headings |