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More realistically money is one particular instantiation of politics, defined as the quest for personal power and prestige.

Debt is a personal obligation, and credit is simply the socially sanctioned - or socially appropriated - right to create social obligations that are enforced by physical penalties.

It's also the socially sanctioned right to make a claim on another individual's or group's industry and creativity.

The mythology is that this kind of credit-based creates an environment which promotes industry and creativity. Sometimes it does. But just as often it destroys or wastes them.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Sep 2nd, 2009 at 04:19:53 AM EST
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