Debt Slavery

Isn’t debt ultimately more of a philosophical concept than a financial one? Indeed, it is seen as a moral fault whose unbridled demands cannot be met. It is repaid by a submission that has become infinite and a vision of work that has been totally deregulated. 

 We are no longer in the age of masters and slaves. We must, as this luminous essay does, identify new characters: no longer the bourgeois or the proletarians, but new actors passing through computerized exchange networks, virtual transaction robots. Such is the case of speculation, with its dematerialized share price worsening debt while evading the gaze of the law. 

 

Jean-Clet Martin, former program director at the Collège international de philosophie, is the author of numerous books on contemporary thought, including Derrida: un démantèlement de l’Occident and Comprendre Foucault, published by Max Milo.