Across continents and throughout history, Graeber engages a wide array of ideas and arguments. Historically, he tells a story that runs from before the Axial Age all the way to the present. While the Western world gets most of the attention, Graeber nevertheless looks at Mesopotamia, China, India, and elsewhere. The breadth of his research and the material covered is impressive. In fact, it reveals to us why we think of debt the way we do and how we might think of it differently. In Debt: The First 5,000 Years, David Graeber makes a critical contribution to our thinking about debt. At such a time, a book on debt is not just timely but necessary. Of course, concerns about national debt are shared across the globe-leading to financial and diplomatic turmoil and painful austerity measures. The national debt is central to the national political and economic conversation, with some politicians making it the key element of their platforms. The increasing reliance of young people on student loans has given rise to fears of unmanageable debt both at the individual level and systemically (there may even be a student loan “bubble”). In the United States there is rampant consumer debt.
Today we seem consumed by thoughts of debt.
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