{"id":44676,"date":"2025-01-09T21:38:05","date_gmt":"2025-01-09T21:38:05","guid":{"rendered":"https:\/\/studentsclub.org\/homepage\/the-debt-system-a-history-of-sovereign-debts-and-their-repudiation\/"},"modified":"2025-01-09T21:38:05","modified_gmt":"2025-01-09T21:38:05","slug":"the-debt-system-a-history-of-sovereign-debts-and-their-repudiation","status":"publish","type":"post","link":"https:\/\/studentsclub.org\/homepage\/the-debt-system-a-history-of-sovereign-debts-and-their-repudiation\/","title":{"rendered":"The Debt System: A History of Sovereign Debts and Their Repudiation"},"content":{"rendered":"<p><br \/>\nPrice: <span style=\"color:#b12704\">$1.99<\/span><br \/><i><small>(as of Jan 09, 2025 21:38:05 UTC &#8211; <span class=\"wp_automatic_amazon_disclaimer\" title=\"Product prices and availability are accurate as of the date\/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.\">Details<\/span>)<\/small><\/i><\/p>\n<p><a href=\"https:\/\/amazon.com\/dp\/B07K2KKDMR?tag=musadiqhus0f2-20\"><img decoding=\"async\" src=\"https:\/\/valvepress.s3.amazonaws.com\/imgs\/buy_now.png\"><\/a><br \/>\n<br \/>\n  \u201cA compelling explanation of the deep-seated mechanisms at work in the international credit system\u201d from the coauthor of Debt, the IMF, and the World Bank (Counterfire).<\/p>\n<p>For as long as there have been rich nations and poor nations, debt has been a powerful force for maintaining the unequal relations between them. Treated as sacrosanct, immutable, and eternally binding, it has become the yoke of choice for imperial powers in the post-colonial world to enforce their subservience over the global south. In this ground-breaking history, renowned economist \u00c9ric Toussaint argues for a radical reversal of this balance of accounts through the repudiation of sovereign debt.<\/p>\n<p>\u201cSince 2008 CADTM has campaigned for \u2018a new doctrine of illegitimate, illegal, odious, and unsustainable debt\u2019 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 \u2018structural adjustments\u2019 (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.\u201d \u2014Against the Current<\/p>\n<p>\u201cThis work has much to commend it; it provides detailed analyses of the impact of indebtedness in several nations\u00a0.\u00a0.\u00a0. The author shows that, contrary to orthodox arguments, debt repudiation can be both justified and successfully carried out. I recommend the book wholeheartedly.\u201d \u2014Counterfire    <\/p>\n<p> ASIN                                    \u200f                                        :                                    \u200e                                 B07K2KKDMR <br \/> Publisher                                    \u200f                                        :                                    \u200e                                 Haymarket Books (April 23, 2019) <br \/> Publication date                                    \u200f                                        :                                    \u200e                                 April 23, 2019 <br \/> Language                                    \u200f                                        :                                    \u200e                                 English <br \/> File size                                    \u200f                                        :                                    \u200e                                 6938 KB <br \/> Text-to-Speech                                    \u200f                                        :                                    \u200e                                 Enabled <br \/> Screen Reader                                    \u200f                                        :                                    \u200e                                 Supported <br \/> Enhanced typesetting                                    \u200f                                        :                                    \u200e                                 Enabled <br \/> X-Ray                                    \u200f                                        :                                    \u200e                                 Enabled <br \/> Word Wise                                    \u200f                                        :                                    \u200e                                 Enabled <br \/> Print length                                    \u200f                                        :                                    \u200e                                 331 pages <\/p>\n\n","protected":false},"excerpt":{"rendered":"<p> \u201cA compelling explanation of the deep-seated mechanisms at work in the international credit system\u201d from the coauthor of Debt, the IMF, and the World Bank (Counterfire). For as long as there have been rich nations and poor nations, debt has been a powerful force for maintaining the unequal relations between [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","fifu_image_url":"https:\/\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[103],"tags":[],"class_list":{"0":"post-44676","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-history"},"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=999&resize=999,1500&ssl=1","uagb_featured_image_src":{"full":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=999&resize=999,1500&ssl=1",999,1500,true],"thumbnail":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=150&resize=150,150&ssl=1",150,150,true],"medium":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=300&resize=300,300&ssl=1",300,300,true],"medium_large":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=768&resize=768,0&ssl=1",768,0,true],"large":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=1024&resize=1024,1024&ssl=1",1024,1024,true],"1536x1536":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=1536&resize=1536,1536&ssl=1",1536,1536,true],"2048x2048":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=2048&resize=2048,2048&ssl=1",2048,2048,true],"td_0x420":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=0&resize=0,420&ssl=1",0,420,true],"td_80x60":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=80&resize=80,60&ssl=1",80,60,true],"td_150x0":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=150&resize=150,0&ssl=1",150,0,true],"td_218x150":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=218&resize=218,150&ssl=1",218,150,true],"td_300x0":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=300&resize=300,0&ssl=1",300,0,true],"td_324x400":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=324&resize=324,400&ssl=1",324,400,true],"td_485x360":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=485&resize=485,360&ssl=1",485,360,true],"td_696x0":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=696&resize=696,0&ssl=1",696,0,true],"td_1068x0":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=1068&resize=1068,0&ssl=1",1068,0,true],"td_1920x0":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=1920&resize=1920,0&ssl=1",1920,0,true],"woocommerce_thumbnail":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=300&resize=300,300&ssl=1",300,300,true],"woocommerce_single":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=600&resize=600,0&ssl=1",600,0,true],"woocommerce_gallery_thumbnail":["https:\/\/i2.wp.com\/m.media-amazon.com\/images\/I\/81GyzPRunzS._SL1500_.jpg?w=100&resize=100,100&ssl=1",100,100,true]},"uagb_author_info":{"display_name":"Musadiq hussain","author_link":"https:\/\/studentsclub.org\/homepage\/author\/musadiqhussain1306gmail-com\/"},"uagb_comment_info":0,"uagb_excerpt":"Price: (as of &#8211; Details) \u201cA compelling explanation of the deep-seated mechanisms at work in the international credit system\u201d from the coauthor of Debt, the IMF, and the World Bank (Counterfire). For as long as there have been rich nations and poor nations, debt has been a powerful force for maintaining the unequal relations between&hellip;","_links":{"self":[{"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/posts\/44676"}],"collection":[{"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/comments?post=44676"}],"version-history":[{"count":0,"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/posts\/44676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/media\/44677"}],"wp:attachment":[{"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/media?parent=44676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/categories?post=44676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/studentsclub.org\/homepage\/wp-json\/wp\/v2\/tags?post=44676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}