Debt as Power

Debt as Power.
Di Muzio, Tim and Robbins, Richard H. (2015). London and New York. Bloomsbury Academic. (Book; English).

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Abstract or Brief Description

FROM THE EDITOR’S INTRODUCTION: In Debt as Power, Di Muzio and Robbins present a historical account of the modern origins of capitalist debt by looking at how commercial money is produced as debt in the late seventeenth and early eighteenth centuries. They expertly demonstrate their key contention -- that debt is a technology of power -- and identify the ways in which the control, production, and distribution of money, as interest-bearing debt, are used to discipline populations. Their sharp analysis brings together histories of the development of the Bank of England and the establishment of permanent national debt with the intensification and expansion of debt, as a “technology of power”, under colonialism in a global context. The latter part of the book addresses the consequences of modern regimes of debt and puts forward proposals of what needs to be done, politically, to reverse the problems generated by debt-based economies. The final chapter presents a convincing case for the 99% to use the power of debt to challenge present inequalities and outlines a platform for action suggesting possible alternatives.



Publication Type



capitalization of the state national debt money power war


BN Money & Finance
BN Power
BN Region - Europe
BN Resistance
BN State & Government
BN War & Peace
BN Business Enterprise
BN Capital & Accumulation
BN Comparative
BN Conflict & Violence
BN Distribution
BN Institutions

Depositing User

Jonathan Nitzan

Date Deposited

13 May 2017 17:57

Last Modified

13 May 2017 18:01


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