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This book profoundly re-examines the history of debt and money, dismantling common economic myths, most notably the fiction of a primordial barter economy. It argues that credit systems, often tied to social relations, preceded coinage, which emerged largely from warfare and the need to pay soldiers. The text explores how debt has historically served as a tool for violence, domination, and the justification of immoral acts, leading to phenomena like slavery and debt peonage across diverse civilizations. It analyzes three fundamental principles of economic relations—communism, hierarchy, and exchange—and critiques modern capitalism's relentless demand for growth, demonstrating its reliance on state power and its tendency to criminalize sociality. The author advocates for a modern debt jubilee to assert human agency over financial systems.
This book reframes world history by centering on the Silk Roads, arguing that Central Asia was the pivotal region for global exchange and power for millennia. It traces the flow of goods, ideas, and religions from ancient empires through the rise of Islam, Mongol conquests, and European expansion fueled by New World wealth. The narrative extends to modern geopolitical struggles over critical resources like oil in the Middle East and Central Asia, involving major powers such as Britain, Russia, and the United States. Ultimately, the book asserts the re-emergence of the Silk Roads as the new global axis, with China spearheading massive infrastructure and investment across the region.