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Soak the Rich: An exchange on capital, debt, and the future

Soak the Rich: An exchange on capital, debt, and the future Pist ol s f or Two Soak the Rich An exchange on capital, debt, and the future 3 David Gr aeber and Thomas Piketty This exchange is from a conversation in Paris between David Graeber and Thomas Piketty, discoursing on the deep shit we’re all in and what we might do about climbing out. It was held at the École Normale Supérieure; moderated by Joseph Confavreux and Jade Lindgaard; edited by Edwy Plenel; first published by the French magazine Mediapart last October; and translated from the French for The Baffler by Donald Nicholson-Smith. Moderators: You both appear to think that the prevailing economic and financial system has run its course, and cannot endure much longer in its present form. I would like to ask each of you to explain why. Thomas Piketty: I am not sure that we are on the eve of a collapse of the system, at least not from a purely economic viewpoint. A lot depends on political reactions and on the ability of the elites to persuade the rest of the population that the present situation is acceptable. If an effective apparatus of persuasion is in place, there is no reason why the system http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Baffler MIT Press

Soak the Rich: An exchange on capital, debt, and the future

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Publisher
MIT Press
Copyright
© 2014 David Graeber and Thomas Piketty
Subject
Pistols for Two
ISSN
1059-9789
eISSN
2164-926X
DOI
10.1162/BFLR_a_00259
Publisher site
See Article on Publisher Site

Abstract

Pist ol s f or Two Soak the Rich An exchange on capital, debt, and the future 3 David Gr aeber and Thomas Piketty This exchange is from a conversation in Paris between David Graeber and Thomas Piketty, discoursing on the deep shit we’re all in and what we might do about climbing out. It was held at the École Normale Supérieure; moderated by Joseph Confavreux and Jade Lindgaard; edited by Edwy Plenel; first published by the French magazine Mediapart last October; and translated from the French for The Baffler by Donald Nicholson-Smith. Moderators: You both appear to think that the prevailing economic and financial system has run its course, and cannot endure much longer in its present form. I would like to ask each of you to explain why. Thomas Piketty: I am not sure that we are on the eve of a collapse of the system, at least not from a purely economic viewpoint. A lot depends on political reactions and on the ability of the elites to persuade the rest of the population that the present situation is acceptable. If an effective apparatus of persuasion is in place, there is no reason why the system

Journal

The BafflerMIT Press

Published: Mar 1, 2014

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