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Sunday 24 March 2019

Abolish household debt

We have been burdened by debt for thousands of years:
BBC Radio 4 Extra - Promises, Promises: A History of Debt

As covered in this blog:
Futures Forum: An Exeter Pound: What came first: money or debt? ... David Graeber's "Debt: The First 5000 Years"

On Radio 4's Thinking Allowed, Laurie Taylor speaks to Johnna Montgomerie about debt: 

Debt

Thinking Allowed

Debt: we live in a culture of credit with a dramatic surge in private borrowing due to wage stagnation over several decades. Many people will now be indebted until death.

Johnna Montgomerie,Reader in International Political Economy King's College London, tells Laurie Taylor why she proposes the abolition of household debt in the context of a chronically dysfunctional situation, both individually and collectively.

Also, the story of the National Debt. Martin Slater, Emeritus Fellow in Economics at the University of Oxford, explores its changing fortunes and role in shaping the course of British history.

How has Britain been moulded by attempts to break fee of the debt, from post war Keynesian economics to today's austerity?

Producer: Jayne Egerton

Monday 00:15
BBC RADIO 4

RELATED LINKS

Martin Slater, Emeritus Fellow in Economics at the University of Oxford

Johnna Montgomerie, Reader in International Political Economy at King's College, London


READING LIST

Martin Slater, The National Debt - A Short History, (Hurst, 2018)

Johnna Montgomerie, Should We Abolish Household Debts?, (Polity, forthcoming May 2019)


BBC Radio 4 - Thinking Allowed, Debt

Johnna Montgomerie is very interested in something called 'positive money':
Dr. Johnna Montgomerie - Positive Money
Johnna Montgomerie | openDemocracy 

With a little more here:

Money and banking is at the root of most of our social and economic problems. The global economy currently runs on a system called ‘fractional reserve banking’. This system allows banks to profit enormously from creating new money, causing huge recessions and piling incredible amounts of debt upon the ordinary people.

Positive Money | Campaign | False Economy
Futures Forum: An Exeter Pound: the Positive Money campaign comes to Transition Exeter: Thurs 27th November
Futures Forum: An Exeter Pound: "97% Owned": Positive Money campaign film: showing Tues 7th October

With more here:
Futures Forum: Solidarity, the DIY-aid movement and civil society >>> transitioning to a sustainable society, a resilient economy
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