Conceptual Debt Exhibition Catalogue
Gemeentemuseum, Arnhem, Holland 1992
daad galerie, Berlin, Germany 1992
Vestjaellands Kunstmuseum, Denmark 1993
Galerie Luciano Inga-Pin, Milan, Italy 1993
Conceptual Debt Invitation Card
daad galerie Berlin 1992
Expropriation Installation view
Conceptual Debt daad galerie, Berlin, Germany 1992
Untitled 1991 (x 3)
Acrylic on canvas
25.8 x 33 x 4cm each
Untitled Installation view
Conceptual Debt daad galerie, Berlin, Germany 1992
My Homeland is not a Suitcase Installation view
Conceptual Debt daad galerie, Berlin, Germany 1992
Expropriation Installation view
Conceptual Debt
Vestsjællands Kunstmuseum, Sorø, Denmark 1993
My Homeland is not a Suitcase Installation view
Die Minderung bei Gesteigertem Wert
Curated by Stefan Geene, minimal club
BBK/Galerie der Kunstler, Munich 1992
On Kawara
Installation View
daad galerie, Berlin 1987
Curated by René Block and Wolfgang Max Faust
Conceptual Debt
Installation view
daad galerie, Berlin 1992
Art in Ruins with Thomas Wulffen
From Commoning to Debt: Financialization, Micro-Credit and the Changing Architecture of Capital Accumulation
Silvia Federici
June 2016
It was through the “debt crisis,” triggered in 1979 by the Federal Reserve’s rise of interest rates on the dollar, that the World Bank and the International Monetary Find (IMF), as representatives of international capital, ‘structurally adjusted’ and de facto re-colonized much of the former colonial world, plunging entire regions into a debt that over the years has continued to grow rather than becoming extinguished. In many countries, due to the ‘debt crisis,” the gains obtained by the anti-colonial struggle were nullified and a new economic order was forced into existence that has condemned entire populations to a poverty never before experienced …
So successful has the ‘debt crisis’ been in re-colonizing much of the ‘Third World’ that its mechanisms have since been extended to the disciplining of North American and (more recently) European workers, as demonstrated by the drastic austerity measures imposed on the populations of Greece, Spain, Italy, the UK (among others) …
But the clearest expression of the logic motivating the new debt economy is found in the new forms of individual debt that have proliferated with the neo-liberal turn —student loan debt, mortgage, credit card debt, and above all micro-finance debt now affecting millions across the planet. …
… we can see a continuity between the experience of indebted women in Egypt, Niger, Bangladesh or Bolivia and that of indebted students or victims of the sub-prime crisis in the US.
See also:
Committee for the Abolition of Illegitimate Debt http://www.cadtm.org/
Let’s Talk about Debt by Gregory Sholette at Art and Debt http://artanddebt.org/greg-sholette-lets-talk-about-the-debt-due-for
Creditocracy and the Case for Debt Refusal by Andrew Ross. OR Books 2014 http://www.orbooks.com/catalog/creditocracy/
…and forgive them their debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year by Michael Hudson. Islet Velag, Dresden 2018 https://michael-hudson.com
