Nishanth Bala

“But money doesn’t work in the sense that labor or tangible capital expends
effort to produce commodities. Credit is debt, and debt extracts interest. Financial salesmen who promise investors, “Make your money work for you” actually mean that society should work for the creditors — and that means for the banks that create credit.

The effect is to turn the economic surplus into a flow of interest payments, diverting revenue from tangible capital investment. As the economy’s reproductive powers are dried up, the financialization process is kept going by easing credit terms and lending — not to produce more goods and services, but to bid up prices for the real estate, stocks and bonds being pledged as collateral for larger and larger loans.”
― Michael Hudson, The Bubble and Beyond

“The annual budget is a much better reflection of a country's morality than its constitution. You put more money into repression, police, military... and so little to taking care of human troubles”
― Vijay Prashad

“We owe everything we are to others. This is simply true. The language we speak and even think in , our habits and opinions , the kind of food we like to eat, the knowledge that makes our lights switch on and toilets flush, even the style in which we carry out our gestures of defiance and rebellion against social conventions. All of this we learned from other people , most of them long dead. Does it make sense to think of all this as debt we we to others ?”
― David Graeber, Debt: The First 5,000 Years

“When the volume of debt has grown as large as national income or GDP, and when it bears an interest rate (typically 5%) above the economy’s rate of growth (typically just 1% to 2%), then all the growth in national income is taken by the creditors.”
― Michael Hudson, J Is for Junk Economics: A Guide to Reality in an Age of Deception