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“What,” Graeber asks in the first chapter, “does it mean when we reduce moral obligations to debts?” | “What,” Graeber asks in the first chapter, “does it mean when we reduce moral obligations to debts?” | ||
Now we denizens of the financial services industry should understand that David Graeber did not come at this question from what we would call a conventional place. He was an anthropologist, not an economist or a historian, and of the anarchist left: he was instrumental in establishing the ''Occupy Wall Street'' movement. But it would be a grave mistake to write off his book as a Marxist screed. There is so much of value here: in challenging conventional, lazy and simplistic ways we have at looking at the world. It is well reseatached and thoughtfully argued. Graeber perfectly understood the conventional wisdom. It is just that he was ... what’s the word? — oh that’s it: a ''contrarian''. | |||
The best thing to do is just pick out some challenging points. Playfully, Graeber introduces the notion of “everyday communism” — I think he could have called it “communalism”, but that wouldn’t have upset the horses — as an alternative to an economic life of sterile, impersonal, quantifiable transactions. | The best thing to do is just pick out some challenging points. | ||
===Everyday communism===] | |||
Playfully, Graeber introduces the notion of “everyday communism” — I think he could have called it “communalism”, but that wouldn’t have upset the horses — as an alternative to an economic life of sterile, impersonal, quantifiable transactions. By this he did not mean Bolshevism, but something much more workaday: our general disposition help each other out without question where the relative personal cost is not great. This stance: to be a [[good egg]] — to co-operate and not defect — is deeper and more critical to interpersonal relationships than are the outcomes of economic transactions which, rather, ''depend'' on that basic layer of probity. “If someone fixing a broken water pipe says, ‘Hand me the wrench,’ his co-worker will not, generally speaking, say, “And what do I get for it?’ ” | |||
Graeber would say, with justification, that his was not the radical view here. The idea that we can atomise these vital, ineffable social interrelationships — {{author|James C. Scott}} might have called them “[[Legible|illegible]]” — to a binary pattern of quantifiable economic transactions is pretty absurd. But that — “there’s no such thing as society” — has been orthodoxy in our lifetimes. | |||
The distinction between a [[debt]] — quantifiable obligation to pay a sum of money on a certain date; which in its [[fungibility]] and transferability is an impersonal thing — and a personal obligation in the wider sense (rather similar to the one yours truly draws between a [[liability]] and an [[obligation]]): A debt is a of money | The distinction between a [[debt]] — quantifiable obligation to pay a sum of money on a certain date; which in its [[fungibility]] and transferability is an impersonal thing — and a personal obligation in the wider sense (rather similar to the one yours truly draws between a [[liability]] and an [[obligation]]): A debt is a of money |