Éric Toussaint
eBook, ePUB

The Debt System (eBook, ePUB)

A History of Sovereign Debts and Their Repudiation

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"A compelling explanation of the deep-seated mechanisms at work in the international credit system" from the coauthor of Debt, the IMF, and the World Bank ( Counterfire). For as long as there have been rich nations and poor nations, debt has been a powerful force for maintaining the unequal relations between them. Treated as sacrosanct, immutable, and eternally binding, it has become the yoke of choice for imperial powers in the post-colonial world to enforce their subservience over the global south. In this ground-breaking history, renowned economist Éric Toussaint argues for a radical rever...

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