Debt as Proposal
Bibliographic Data
| ID | 5147726 |
|---|---|
| Authors | Eleni Schirmer (0000-0002-3875-8015, corresponding author) |
| Year | 2025 |
| Volume | 124 |
| Issue | 3 |
| Pages | 597-605 |
| Publication date | 2025-07-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | South Atlantic Quarterly (JOURNAL) |
| Journal identifiers | ISSN: 0038-2876 • E-ISSN: 1527-8026 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00382876-11850269 |
| OpenAlex | W4412483377 |
| Language | EN |
| References cited | 5 |
At virtually every economic scale, debt propels the economy. The working poor pay for groceries and medical emergencies on their credit cards. Cities clear snow and pay kindergarten teachers using funds borrowed from Wall Street. States pave highways and staff prisons by issuing bonds. Nations borrow from global banks to rebuild electrical lines and water sanitation systems after climate disasters or wars, with punishingly high interest and fees. What austerity has unwound from the welfare state it has wound back up on the backs of the poor and the precariat, this time as debt. If today's economy is marked by intense wealth inequality, debt is one of its key mechanisms, the means of ensuring the rich get richer and the poor get poorer. Is a debtors' revolution on the way
Business · Debt · Economics · Financial system · Community Development and Social Impact · Economic, financial, and policy analysis · Finance · Housing, Finance, and Neoliberalism
| Highly cited | No |
|---|