| Description |
x, 263 pages : illustrations, maps ; 23 cm |
| Note |
Originally published in French as Le système dette : histoire des dettes souveraines et de leur répudiation. |
| Bibliography |
Includes bibliographical references (pages 219-253) and index. |
| Contents |
How the South paid for the North's crises and for its own subjugation -- How debt and free trade subordinated independent Latin America -- In the nineteenth century, Mexico proved that debt can be repudiated -- newly independent Greece had an odious debt around its neck -- Debt as a means for continued domination over Greece -- Debt as an instrument of colonial conquest of Egypt -- Debt: how France appropriated Tunisia -- Alexander Nahum Sack and sovereign debts -- Odious debt according to Sack and according to the CADTM -- Debt repudiations between 1830 and 1930 -- Mexico's victory against its creditors (1914-1942) -- The repudiation of debt by the Soviets. |
| Summary |
Provides the necessary elements to understand the unrelenting mechanism of the debt system and how the capitalist world has used it for two hundred years. Toussaint offers a rejoinder the prevailing wisdom that views debt as holy writ. He sheds light on this powerful device, telling how, from the beginning of the nineteen century, states--from Latin America to China, Tunisia, Egypt, and the Ottoman Empire, among other countries, as well as Greece--have lost their autonomy. He claims that the combination of external debt and free trade has been the most essential element in the subordination of whole nation economies to the powers of finance. Toussaint analyzes several examples of states that had successfully repudiated their public debt and discusses how the question of debt repayment led to the development of the legal doctrine of odious debt, which permits such debt to be repudiated. --Adapted from publisher description. |
| Language |
Translated into English from French. |
| Subject |
Debts, Public -- History.
|
|
Repudiation -- History.
|
|
Debts, Public. (OCoLC)fst00888850
|
|
Repudiation. (OCoLC)fst01095075
|
| Genre/Form |
History. (OCoLC)fst01411628
|
| Added Title |
Système dette. English
|
|
History of sovereign debts and their repudiation |
| ISBN |
9781608463091 paperback |
|
1608463095 paperback |
|
