Full Product Details
Author: Eric Toussaint
Publisher: Haymarket Books
Imprint: Haymarket Books
ISBN: 9781608463091
ISBN 10: 1608463095
Pages: 280
Publication Date: 23 April 2019
Audience:
General/trade
,
General
Format: Paperback
Publisher's Status: Active
Availability: Temporarily unavailable
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Reviews
Since 2008 CADTM has campaigned for a new doctrine of illegitimate, illegal, odious, and unsustainable debt cancellation. This doctrine includes considerations of whether the debtor state is democratic, whether it respects human rights, whether the debt is incurred within the framework of structural adjustments (enforced austerity), and includes all debts incurred to pay back previous odious debts. On grounds of global social justice, The Debt System makes a strong case for this new doctrine. -Against the Current This work has much to commend it; it provides detailed analyses of the impact of indebtedness in several nations and a compelling explanation of the deep-seated mechanisms at work in the international credit system - a system which is designed to enhance the opportunity for exploitation of nations outside powerful capitalist sates. The author shows that, contrary to orthodox arguments, debt repudiation can be both justified and successfully carried out. I recommend the book wholeheartedly. -Counterfire
""Since 2008 CADTM has campaigned for “a new doctrine of illegitimate, illegal, odious, and unsustainable debt” cancellation. This doctrine includes considerations of whether the debtor state is democratic, whether it respects human rights, whether the debt is incurred within the framework of “structural adjustments” (enforced austerity), and includes all debts incurred to pay back previous odious debts. On grounds of global social justice, The Debt System makes a strong case for this new doctrine."" —Against the Current ""This work has much to commend it; it provides detailed analyses of the impact of indebtedness in several nations and a compelling explanation of the deep-seated mechanisms at work in the international credit system – a system which is designed to enhance the opportunity for exploitation of nations outside powerful capitalist sates. The author shows that, contrary to orthodox arguments, debt repudiation can be both justified and successfully carried out. I recommend the book wholeheartedly."" —Counterfire
Author Information
ric Toussaint, Senior Lecturer at the University of Liege, is president of Committee for the Abolition of Illegitimate Debts, Belgium. He is the author of ""Debt, the IMF, and the World Bank, Sixty Questions, Sixty Answers."".
