Richard Robbins: Mean, Stupid Money — How Debt Rules Our World (and How to Take It Back)
Автор: American Monetary Institute
Загружено: 2025-10-16
Просмотров: 64
In this insightful lecture, Professor Richard Robbins—renowned anthropologist and author of Global Problems and the Culture of Capitalism—traces the origins and consequences of our debt-based monetary system, arguing that it has become the central organizing principle of modern life. Robbins explains how the 1694 founding of the Bank of England institutionalized money creation as interest-bearing debt, locking the global economy into a cycle demanding perpetual growth, deepening inequality, and fueling authoritarian power. He examines how this structure drives environmental destruction, financialization of everyday life, the erosion of privacy through surveillance capitalism, and the consolidation of wealth and political control among a small elite. Drawing on thinkers like Michael Hudson, David Korten, and Thomas Piketty, Robbins connects economic theory with lived realities—illustrating how debt money sustains corporate domination and democratic decay. In closing, he offers potential paths of resistance, including a “party of the 99%,” strategic debt strikes, and reclaiming public control over money creation as vital steps toward restoring economic justice and collective power.
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