* listen to Richard Wolff's views on Puerto Rico http://www.rdwolff.com/tags/puerto_rico
* listen to David Graeber https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290
This reminds me of the competing narratives from economists versus anthropologists mentioned in Debt: The First 5000 years [0]. In it, the author argues that the economists' narrative is really a creation-myth (or perhaps an evolution-myth) for modern capitalism, rather than an accurate view of the different strategies humans have used in different circumstances.
[0]: http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290
If everyone repaid debts, then lending money wouldn't require interest. Interest expresses the danger that money may not be repaid as, for example, during bankruptcy proceedings.
Debt forgiveness has existed since the dawn of money. See [1] for more information.
[1] http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290
Read this instead.
[http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290]
David Graeber's original article: http://www.strikemag.org/bullshit-jobs/
David Graeber's Book, "Debt: The First 5,000 Years": http://www.amazon.com/Debt-First-5-000-Years/dp/1612191290/
A good book on the subject: http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290
- https://www.amazon.com/Debt-First-5-000-Years/dp/1612191290/
- https://www.amazon.com/Bullshit-Jobs-Theory-David-Graeber/dp...
His views are surely influenced by his a-priori politics, but I've found his ideas thought-provoking to say the least.