This is a great trap of the twentieth century: on one side is the logic of the market, where we like to imagine we all start out as individuals who don't owe each other anything. On the other is the logic of the state, where we all begin with a debt we can never truly pay. We are constantly told that they are opposites, and that between them they contain the only real human possibilities. But it's a false dichotomy. States created markets. Markets require states. Neither could continue without the other, at least, in anything like the forms we would recognize today.
About This Quote
About David Graeber
David Graeber was a 20th-century American anthropologist and activist. David Rolfe Graeber was an American anthropologist and anarchist social and political activist. His influential work in social and economic anthropology, particularly his books Debt: The First 5,000 Years (2011), The Utopia of Rules (2015), Bullshit Jobs (2018), and The Dawn of Everything (2021), and his leading role in the Occupy movement earned him recognition as one of the foremost anthropologists and left-wing thinkers of his time. Read more on Wikipedia →