Cap on Debt

Book Review: David Graeber, *Debt: The First 5000 Years*. New York: Melville House, 2012.

Cap on Debt
LIKE MANY CRITICS OF GLOBALIZATION, David Graeber does not seem to understand what capitalism is. Otherwise he would not emphasize time and again that a market economy is something fundamentally different, as he does in his book, Debt: The First 5000 Years. Graeber’s distinction fits with a lot of left-wing currents, from old-fashioned anarchists in the tradition of Proudhon to young militants of Attac. All too many people assume that capitalism simply means financial speculation, intransparent bank dealings, monopolies, or interest as a way to garner income without work, all of which place a burden on the middle class. [Read More]

The 3 Rs: Reform, revolution, and "resistance"

The problematic forms of "anti-capitalism" today

LAST SUMMER, the Frankfurt chapter of the Platypus Affiliated Society hosted the latest iteration of “The 3Rs: Reform, Revolution, and Resistance,” a series of events for which speakers were invited to reflect on the contemporary state of anti-capitalist politics. Similar events were previously hosted in New York in 2007 and Thessaloniki in 2012.1 Panelists included Thomas Seibert of Interventionistische Linke, Janine Wissler of Die LINKE/Marx 21, Norbert Trenkle of Krisis, and Daniel Loick from Goethe University Frankfurt; Jerzy Sobotta moderated. [Read More]