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The Debt System
Éric Toussaint
其他書名
A History of Sovereign Debts and Their Repudiation
出版
Haymarket Books
, 2019-04-23
主題
Business & Economics / International / Economics & Trade
Business & Economics / Economics / Theory
Political Science / Political Economy
Business & Economics / Globalization
ISBN
1642590169
9781642590166
URL
http://books.google.com.hk/books?id=l8d1DwAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
“A compelling explanation of the deep-seated mechanisms at work in the international credit system” from the coauthor of
Debt, the IMF, and the World Bank
(
Counterfire
).
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.
“Since 2008 CADTM has campaigned for ‘a new doctrine of illegitimate, illegal, odious, and unsustainable debt’ cancellation. This doctrine includes considerations of whether the debtor state is democratic, whether it respects human rights, whether the debt is incurred within the framework of ‘structural adjustments’ (enforced austerity), and includes all debts incurred to pay back previous odious debts. On grounds of global social justice,
The Debt System
makes a strong case for this new doctrine.” —Against the Current
“This work has much to commend it; it provides detailed analyses of the impact of indebtedness in several nations . . . The author shows that, contrary to orthodox arguments, debt repudiation can be both justified and successfully carried out. I recommend the book wholeheartedly.” —Counterfire
