The Making of the Indebted Man
Book description
A new and radical reexamination of today's neoliberalist “new economy” through the political lens of the debtor/creditor relation.
"The debtor-creditor relation, which is at the heart of this book, sharpens mechanisms of exploitation and domination indiscriminately, since, in it, there is no distinction between workers and the unemployed, consumers and…
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1 author picked The Making of the Indebted Man as one of their favorite books. Why do they recommend it?
Maurizzio Lazaratto is a critic of contemporary capitalism.
His view of the subject finds powerful expression in Making of the Indebted Man, a study that tracks the development of a neo-liberal, or financialized, global economy organized around a new form of exploitation – no longer the extraction of surplus value from industrial labor, but the ever-mounting debt assumed by consumers seeking to maintain their standard of living while wages keep falling.
The accruing debts serve as an effective means for disciplining the population while at once becoming an immensely lucrative source of profit for banks and other corporations that…
From Michael's list on modern capitalist economy.
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