Friday, May 11, 2012

Future money

Assuming that we aren’t about to see a swift unravelling of the contemporary world into a far lower degree of complexity, the left will need to imagine and propose credit systems and monetary authorities that can prise apart debt and hierarchy, exchange and inequality. Money, and therefore debt, is always an abstraction. But justice too can be abstract, and there is no reason in principle why money and debt must serve injustice rather than justice.
-- Benjamin Kunkel

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