
Capitalism has complete control over life: it has “biopolitical” control. In the primitive society, debt is charged through the primitive inscription, or coding, on the body. Blood-revenge and cruelty address a non-exchangist power. In the despotic society, all debts become infinite debts to the divine ruler. In capitalism, all debts finally break free from the sovereign and become infinite by conjoining flows. With capitalism, debt is continuous and without limit: student debt, credit card debt, mortgage debt, medical debt. Whereas in the primitive system debt is incurred through inscription and, in despotism, exercised by divine law, in capitalism “the market-eye keeps a watch over everything”. In other words, the market-eye becomes the new normal that constitutes the biopolitical control around a weightless, infinitely circulating, immortal debt. We now live in the era of debt in which it is the soul of the individual that is imprisoned […]
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