Editor’s Picks 22 June 2015 at 23:51 GMT

Greece woes show how politics of debt failed Europe

The Conversation
In the world of brinkmanship, endgames and last minute concessions that have come to define Greece’s relationship with Europe, we can see the blueprint of an abusive relationship. In his book Governing by Debt, Maurizio Lazzarato argues that the creditor-debtor centred politics of contemporary capitalism is substantially different from the capital-labour centred politics of postwar capitalism. In fact, to understand what is at stake in contemporary Europe we need to approach debt in its totality – government, corporate, financial and household debt. We have to recognise that the debt relationship is not merely an economic relationship of money owed and collected, but a deeply political relationship of power exercised by one person or institution over another.
Read full article at The Conversation

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