Gazing into the abyss of indebted society: the social power of money and debt

Antoniades, Andreas (2018) Gazing into the abyss of indebted society: the social power of money and debt. Political Studies Review. ISSN 1478-9299

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Abstract

Ever larger parts of life and nature are integrated in our socioeconomic system as future cash flows, augmenting obscure, unstable and unsustainable debt structures. The larger and deeper these debt structures grow, the larger, more multifaceted and destructive the inequality divide in our societies becomes. It is now normal for people to live indebted, as it is normal for young students to have their future monetised through student loans, the debt implications of which may never escape. What forces normalise these abnormal and unsustainable patterns and our rather admissive/submissive response to them? How our lives and future have been monetised and where have our social consent and agency been in these processes? Is there a way out, before crossing the boundary of social sustainability and environmental collapse? The three books examined here offer refreshing and complementary perspectives on these ‘big questions’ on which our monetised future depends.

Item Type: Article
Keywords: debt, debtfare, financialisation, money creation, social studies of finance
Schools and Departments: School of Global Studies > International Relations
Research Centres and Groups: Centre for Global Political Economy
Sussex Sustainability Research Programme
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG0179 Personal finance
H Social Sciences > HG Finance > HG0201 Money
H Social Sciences > HG Finance > HG3691 Credit. Debt. Loans
H Social Sciences > HM Sociology > HM0661 Social control
Depositing User: Andreas Antoniades
Date Deposited: 20 Feb 2018 14:07
Last Modified: 04 Sep 2018 13:39
URI: http://sro.sussex.ac.uk/id/eprint/73735

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