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Debt: The First 500 Pages

Summary by Jacobin
We need more grand histories. But 5,000 years of anecdotes is no substitute for real political economy.

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For those who do not have access to the property, the "Buy Now, Pay Later" principle has become a means of financing their basic expenses, with future revenues that may never materialize. Meanwhile, the Trump administration works to protect lenders. Source: Jacobin, Casey WetherbeTranslated by Les-Crises website readers Read more

The European Union has once again imposed strict limits on state budget deficits, while providing for exemptions when it comes to military spending. After asserting for years that it had ended with austerity, it is now being used selectively to limit democratic choices. Source: Jacobin, Benjamin Lemoine, Harrison Stetler The Klarna website on a laptop computer arranged in Germantown, New York, US, on Saturday, May 4, 2024. Consumers have embrace…

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  • 100% of the sources lean Left
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Les-Crises.fr broke the news in on Monday, July 7, 2025.
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