People From New York City

"A legitimate enterprise had to have some moral basis, and the only morality the company knew was debt."

"It is the secret scandal of capitalism that at no point has it been organized primarily around free labor."

"The man who won the argument, however, was John Locke, the Liberal philosopher, at that time acting as advisor to Sir Isaac Newton, then Warden of the Mint. Locke insisted that one can no more make a small piece of silver worth more by relabeling it a "shilling" than one can make a short man taller by declaring there are now fifteen inches in a foot."

"Karl Marx, who knew quite a bit about the human tendency to fall down and worship our own creations, wrote Das Capital in an attempt to demonstrate that, even if we start from the economists' utopian vision, so long as we also allow some people to control productive capital, and, again, leave others with nothing to sell but but their brains and bodies, the results will be in very many ways barely distinguishable from slavery, and the whole system will eventually destroy itself."

"To take what might seem an "objective", macro-economic approach to the origins of the world economy would be to treat the behavior of early European explorers, merchants, and conquerors as if they were simply rational responses to opportunities—as if this were just what anyone would have done in the same situation. This is what the use of equations so often does: make it seem perfectly natural to assume that, if the price of silver in China is twice what it is in Seville, and inhabitants of Seville are capable of getting their hands on large quantities of silver and transporting it to China, then clearly they will, even if doing so requires the destruction of entire civilizations. Or if there is a demand for sugar in England, and enslaving millions is the easiest way to acquire labor to produce it, then it is inevitable that some will enslave them."

"Even human relations become a matter of cost benefit calculation. Clearly this is the way the conquistadors viewed the worlds that they set out to conquer.It is the peculiar feature of modern capitalism to create social arrangements that essentially force us to think this way."

"We could no more have a universal world market than we could have a system in which everyone who wasn't a capitalist was somehow able to to become a respectable, regularly paid wage laborer with access to adequate dental care. A world like that has never existed and never could exist. What's more, the moment that even the prospect that this might happen begins to materialize, the whole system starts to come apart."

"The criminalization of debt was the criminalization of the very basis of human society."

"The moment we begin to map the history of money across the last five thousand years of Eurasian history, startling patterns begin to emerge."

"The attentive reader may have noticed that the core period of Jasper's Axial age—the lifetimes of Pythagoras, Confucius, and the Buddha—corresponds almost exactly to the period in which coinage was invented."

"Honor is the same as credit; it's one's ability to keep ones promises, but also, in the case of a wrong, to "get even"."

"Indeed, India has become notorious as a country in which a very large part of the working population is laboring in effective debt peonage to a landlord or other creditor."

"Slavery is the ultimate form of being ripped from one's context, and thus from all the social relationships that make one a human being."

"Medieval corporations owned property, and they often engaged in complex financial arrangements, but in no case were they profit-seeking enterprises in the modern sense."

"One element, however, tends to go flagrantly missing in even the most vivid conspiracy theories about the banking system, let alone in official accounts: that is, the role of military power. There's a reason why the wizard has such a strange capacity to create money out of nothing. Behind him there is a man with a gun."

"Honor is a zero sum game."

"One might even say that it's one of the scandals of capitalism that most capitalist firms, internally, operate communistically."

"In fact, communism is the foundation of all human sociability. It is what makes society possible."

""Communist society"; in the sense of a society organized exclusively on that single principle—could never exist. But all social systems, even economic systems like capitalism, have always been built on top of a bedrock of actually-existing communism."

"Exchange is all about equivalence."

"Thus money is almost always something hovering between a commodity and a debt-token. This is probably why coins—pieces of silver or gold that are already valuable commodities in themselves, but that, being stamped with the emblem of local authority, became even more valuable—still sit in our heads as the quintessential form of money. They most perfectly straddle the divide that defines what money is in the first place. What's more, the relation between the two was a matter of constant political conversation. In other words, the battle between state and market, between governments and merchants is not inherent to the human condition."

"It is rather striking to think that the very core of the Christian message, salvation itself, the sacrifice of God's own son to rescue humanity from eternal damnation, should be framed in the language of a financial transaction."

"If we insist on defining all human interactions as matters of people giving one thing for another, then any ongoing human relations can only take the form of debts."

"To tell the history of debt, then, is also necessarily to reconstruct how the language of the marketplace has come to pervade every aspect of human life—even to provide the terminology for the moral and religious voices ostensibly raised against it."

"Before we can apply the tools of anthropology to reconstruct the real history of money, we need to understand what's wrong with the conventional account."

"In fact, our standard account of monetary history is precisely backwards. We did not begin with barter, discover money, and then eventually develop credit systems. It happened precisely the other way around."

"Consumer debt is the lifeblood of our economy. All modern nation states are built on deficit spending. Debt has come to be the central issue of international politics. But nobody seems to know exactly what it is, or how to think about it."

"The reason that economic textbooks now begin with imaginary villages is because it has been impossible to talk about real ones. Even some economists have been forced to admit that Smith's Land of Barter doesn't really exist.The question is why the myth is perpetuated anyway."

"There are lots of excellent heterodox critiques of economics, but almost all are provided by economists. I presume this is true of other fields as well. If a problem were obvious enough to be spotted by outsiders, chances are it would already be the subject of dispute within the field. An anthropologist named David Graeber provides an excellent example of what goes wrong when you don’t understand the field you are criticizing."

"Exchange implies equality."

"All societies based on slavery tend to be marked by this agonizing double consciousness: the awareness that the highest things one has to strive for are also, ultimately, wrong; but at the same time, the feeling that this is simply the nature of reality."

"Meanwhile, the U.S. debt remains, as it has been since 1790, a war debt: the United States continues to spend more on its military than do all other nations on earth put together, and military expenditures are not only the basis of the government's industrial policy; they also take up such a huge proportion of the budget that by many estimations, were it not for them, the United States would not run a deficit at all."

"No anarchist claims to have a perfect blueprint. The last thing we want is to impose prefab models on society anyway. The truth is we probably can’t even imagine half the problems that will come up when we try to create a democratic society; still, we’re confident that, human ingenuity being what it is, such problems can always be solved, so long as it is in the spirit of our basic principles — which are, in the final analysis, simply the principles of fundamental human decency."

"Marxist schools have authors. Just as Marxism sprang from the mind of Marx, so we have Leninists, Maoists, Trotksyites , Gramscians, Althusserians... (Note how the list starts with heads of state and grades almost seamlessly into French professors.) ... Now consider the different schools of anarchism. There are Anarcho-Syndicalists, AnarchoCommunists, Insurrectionists, Cooperativists, Individualists, Platformists... None are named after some Great Thinker; instead, they are invariably named either after some kind of practice, or most often, organizational principle. (Significantly, those Marxist tendencies which are not named after individuals, like Autonomism or Council Communism, are also the ones closest to anarchism.) Anarchists like to distinguish themselves by what they do, and how they organize themselves to go about doing it."

"Every time you treat another human with consideration and respect, you are being an anarchist. Every time you work out your differences with others by coming to reasonable compromise, listening to what everyone has to say rather than letting one person decide for everyone else, you are being an anarchist. Every time you have the opportunity to force someone to do something, but decide to appeal to their sense of reason or justice instead, you are being an anarchist. The same goes for every time you share something with a friend, or decide who is going to do the dishes, or do anything at all with an eye to fairness."

"At the very least, one would imagine being an openly anarchist professor would mean challenging the way universities are run—and I don’t mean by demanding an anarchist studies department, either—and that, of course, is going to get one in far more trouble than anything one could ever write."

"Most of all, anarchism is just a matter of having the courage to take the simple principles of common decency that we all live by, and to follow them through to their logical conclusions."

"Every time you reach an agreement by consensus, rather than threats, every time you make a voluntary arrangement with another person, come to an understanding, or reach a compromise by taking due consideration of the other person’s particular situation or needs, you are being an anarchist — even if you don’t realize it."

"“Policy” is the negation of politics; policy is by definition something concocted by some form of elite, which presumes it knows better than others how their affairs are to be conducted. By participating in policy debates the very best one can achieve is to limit the damage, since the very premise is inimical to the idea of people managing their own affairs."

"Anarchism is just the way people act when they are free to do as they choose, and when they deal with others who are equally free — and therefore aware of the responsibility to others that entails."

"Direct action is the insistence, when faced with structures of unjust authority, on acting as if one is already free."

"One could well argue that if there is any human essence, it is precisely our capacity to imagine that we have one."

"Many people seem to think that anarchists are proponents of violence, chaos, and destruction, that they are against all forms of order and organization, or that they are crazed nihilists who just want to blow everything up. In reality, nothing could be further from the truth. Anarchists are simply people who believe human beings are capable of behaving in a reasonable fashion without having to be forced to."

"At their very simplest, anarchist beliefs turn on to two elementary assumptions. The first is that human beings are, under ordinary circumstances, about as reasonable and decent as they are allowed to be, and can organize themselves and their communities without needing to be told how. The second is that power corrupts."

"Egoism and altruism are ideas we have about human nature. Historically, one has tended to arise in response to the other. In the ancient world,for example, it is generally in the times and places that one sees the emergence of money and markets that one also sees the rise of world religions—Buddhism, Christianity, and Islam. If one sets aside a space and says, "Here you shall think only about acquiring material things for yourself," then it is hardly surprising that before long someone else will set aside a countervailing space and declare, in effect: "Yes, but here we must contemplate the fact that the self, and material things, are ultimately unimportant.""

"In societies based around small communities, where almost everyone is either a friend, a relative, or an enemy of everyone else, the languages spoken tend even to lack words that correspond to "self-interest" or "altruism" but include very subtle vocabularies for describing envy, solidarity, pride, and the like. Their economic dealings with one another likewise tend to be based on much more subtle principles. ... The work of destroying such ways of life is still often done by missionaries—representatives of those very world religions that originally sprang up in reaction to the market long ago. Missionaries, of course, are out to save souls; but they rarely interpret this to mean their role is simply to teach people to accept God and be more altruistic. Almost invariably, they end up trying to convince people to be more selfish and more altruistic at the same time. On the one hand, they set out to teach the "natives" proper work discipline, and try to get them involved with buying and selling products on the market, so as to better their material lot. At the same time, they explain to them that ultimately, material things are unimportant."

"The right's approach is to release the dogs of the market, throwing all traditional verities into disarray; and then, in this tumult of insecurity, offer themselves up as the last bastion of order and hierarchy, the stalwart defenders of the authority of churches and fathers against the barbarians they have themselves unleashed."

"Is that the minds last, soundless, dying cry? Who will remember? There is no rustling of old crowds as my long, wrenching, joyous voyage ended, only the question, "Who will remember?""

"There is only so much space on the planet. Fathers perish to make room for sons."

"Newspapers blew on dirty floors. Littering is an ancillary function of the free press."