Obligations And Debts

John Médaille reflects on David Graeber’s book Debt: The First Five Thousand Years:

We cannot help but be a society of strangers, yet underneath this, we cannot be a society at all unless we recognize our mutual obligations to one another. It is possible that our rude ancestors had it right all along: that obligations are more important than debts, and that amnesties are the key to economic and social order. Surely this question faces us now with a force that cannot be ignored. We are truly in each other’s debt, but it is a debt that extends beyond the mere payment of the sum of money. Money is a useful, even a marvelous tool, but like a fire it can either warm or destroy us. In his latest encyclical, Pope Benedict XVI saw in the root of all financial dealings, a “principle of gratuitousness,” a principle that binds society together in a way that exceeds mere money debts. 

Previous Dish discussion of the book here and here