The Great Debt Debate: Michael Hudson vs. Thomas Piketty
The Great Debt Debate: Michael Hudson vs. Thomas Piketty MICHAEL HUDSON The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. Transcript: Nika: Hi, I’m Nika. I’m David’s wife. This is an event in the honor of the first anniversary of David Graeber’s passing, and then the spirits of his rejection of academic arrogance, and our urgent need to get out of the crisis we are in. We set up the Art Project, so welcome to the first one of the series. Today, we are talking about “What is debt.” The next one will be about the nature of money. David was probably the most famous anthropologist of our times, and the best selling author. Even still, he had fold in his computer called “Nightmare,” in which he dumped all bills, bureaucratic papers, invoices, and papers of his academic achievements. He regards the idea of isolated individual as a myth. What interested David much more was dialogue. He believed that it is only in dialogue in the clash of op...