I wanted to invite those who have an interest to discuss the new piece by David Graeber over at the Baffler: http://www.thebaffler.com/...
I have several initial thoughts on it as follows:
1. What has happened to the concept of the 99%/1%? It seems to not have a place in this piece.
2. Isn't consumer and personal debt truly a reflection of wealth disparity and isn't debt just a substitute for a lack of increase/actual decrease of wages, which itself reflects the attack on collective bargaining? Is the real problem consumer debt or is it the exotic financial debt instruments that have been built atop it?
3. What role does the wealthy taking more out of the economy play in this?
4. What role do protecting innovative financial instruments play in the role of debt and how does it enslave us to austerity or dysfunctional capitalism in the future?
I'll be gone for most of the morning, but will pick up on comments, if any, this afternoon.
Initially, it strikes me that fixing the 99#/1% disparity plays a key role in the route back to the mutuality Graeber hints at.