Abstract

In this review article, I survey books by three authors, each of which address the issues of debt and personal indebtedness. The authors are: Greta Krippner; David Graeber; and Maurizio Lazzarato. They argue, and I agree, that whilst money is broadly beneficial, its use in a capitalist context increases personal indebtedness, subjugates the individual, and reduces freedom. I briefly outline their positions, each of which make important contributions. However – contrary to Krippner’s lack of normative commitment, Graeber’s suggestion that we need to forgive the debt and start again, or Lazzarato’s suggestion that we should to stop paying back debt and refuse to work – I suggest that we need to return to socialist principles, based on the premise that capitalism is no alternative.