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<div class="pane-content" style="margin: 0px; padding:
0px; border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height: inherit;
background: transparent;">From<span
class="Apple-converted-space"> </span><a
href="http://mitpress.mit.edu/books/series/semiotexte"
class="immprint" style="margin: 0px; padding:
0.3em 0px 0.1em; border: 0px; outline: 0px;
font-size: 15px; vertical-align: baseline;
line-height: inherit; color: rgb(51, 101, 209);
position: relative; text-decoration: none;
background: transparent;">Semiotext(e)</a></div>
</div>
<div class="panel-pane pane-mitpress-title"
style="margin: 0px; padding: 0px; border: 0px;
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baseline; line-height: inherit; background:
transparent;">
<h1 style="margin: 1em 0px 0.5em; padding: 0px;
border: 0px; outline: 0px; font-size: 35px;
vertical-align: baseline; line-height: 35px;
font-family: Helvetica, Arial, sans-serif;
font-weight: bold; background: transparent;">Governing
by Debt</h1>
</div>
<div class="panel-pane pane-mitpressbook-contributor"
style="margin: 0px; padding: 0px; border: 0px;
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transparent;">
<div class="pane-content" style="margin: 0px; padding:
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<div class="mitpressbook-contributor-single-line"
style="margin: 0px; padding: 10px 0px 0px; border:
0px; outline: 0px; font-size: 15px;
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<div class="mitpressbook-contributor-Array"
style="margin: 0px; padding: 0px; border: 0px;
outline: 0px; font-size: 15px; vertical-align:
baseline; line-height: inherit; background:
transparent;">By<span
class="Apple-converted-space"> </span><a
href="http://mitpress.mit.edu/authors/maurizio-lazzarato"
style="margin: 0px; padding: 0.3em 0px 0.1em;
border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height:
inherit; color: rgb(51, 101, 209); position:
relative; text-decoration: none; background:
transparent;">Maurizio Lazzarato</a></div>
</div>
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<div class="panel-pane pane-mitpress-bylinextra"
style="margin: 0px; padding: 10px 0px 0px; border:
0px; outline: 0px; font-size: 15px; vertical-align:
baseline; line-height: inherit; font-family:
Helvetica, Arial, sans-serif; background:
transparent;">
<div class="pane-content" style="margin: 0px; padding:
0px; border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height: inherit;
background: transparent;">Translated by<span
class="Apple-converted-space"> </span><a
href="http://mitpress.mit.edu/authors/joshua-david-jordan"
style="margin: 0px; padding: 0.3em 0px 0.1em;
border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height: inherit;
color: rgb(51, 101, 209); position: relative;
text-decoration: none; background: transparent;">Joshua
David Jordan</a></div>
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<div class="pane-content" style="margin: 0px; padding:
0px; border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height: inherit;
background: transparent;"><span
class="ctoolscustomplugins-textfield"
style="margin: 0px; padding: 0px; border: 0px;
outline: 0px; font-size: 15px; vertical-align:
baseline; line-height: inherit; background:
transparent;"></span></div>
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<div class="panel-one-col row main-row3 clearfix"
style="margin: 0px; padding: 0px; border: 0px; outline:
0px; font-size: 15px; vertical-align: baseline;
line-height: inherit; background: transparent;">
<div class="panel-inner" style="margin: 0px; padding: 0px;
border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height: inherit;
background: transparent;">
<div class="panel-pane pane-content-field
pane-field-main-description" style="margin: 0px;
padding: 0px; border: 0px; outline: 0px; font-size:
15px; vertical-align: baseline; line-height: inherit;
background: transparent;">
<h2 class="pane-title" style="margin: 1.07em 0px
0.2em; padding: 0px; border: 0px; outline: 0px;
font-size: 24px; vertical-align: baseline;
line-height: 1em; font-family: Helvetica, Arial,
sans-serif; font-weight: bold; background:
transparent;">Overview</h2>
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0px; border: 0px; outline: 0px; font-size: 15px;
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<div class="field field-main-description"
style="margin: 0px; padding: 0px 0px 10px; border:
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background: transparent;">
<div class="field-items" style="margin: 0px;
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<div class="field-item odd" style="margin: 0px
0px 1.2em; padding: 0px; border: 0px; outline:
0px; font-size: 15px; vertical-align:
baseline; line-height: 21.75px; background:
transparent;">
<p style="margin: 0px 0px 1.2em; padding: 0px;
border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height:
21.75px; font-family: Georgia, serif;
background: transparent;">Experts, pundits,
and politicians agree: public debt is
hindering growth and increasing
unemployment. Governments must reduce debt
at all cost if they want to restore
confidence and get back on a path to
prosperity. Maurizio Lazzarato’s diagnosis,
however, is completely different: under
capitalism, debt is not primarily a question
of budget and economic concerns but a
political relation of subjection and
enslavement. Debt has become infinite and
unpayable. It disciplines populations, calls
for structural reforms, justifies
authoritarian crackdowns, and even
legitimizes the suspension of democracy in
favor of “technocratic governments” beholden
to the interests of capital. The 2008
economic crisis only accelerated the
establishment of a “new State capitalism,”
which has carried out a massive confiscation
of societies’ wealth through taxes. And who
benefits? Finance capital. In a calamitous
return to the situation before the two world
wars, the entire process of accumulation is
now governed by finance, which has absorbed
sectors it once ignored, like higher
education, and today is often identified
with life itself. Faced with the current
catastrophe and the disaster to come,
Lazzarato contends, we must overcome
capitalist valorization and reappropriate
our existence, knowledge, and technology.</p>
<p style="margin: 0px 0px 1.2em; padding: 0px;
border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height:
21.75px; font-family: Georgia, serif;
background: transparent;">In<span
class="Apple-converted-space"> </span><i
style="margin: 0px; padding: 0px; border:
0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height:
inherit; font-style: italic; background:
transparent;">Governing by Debt</i>,
Lazzarato confronts a wide range of
thinkers—from Félix Guattari and Michel
Foucault to David Graeber and Carl
Schmitt—and draws on examples from the
United States and Europe to argue that it is
time that we unite in a collective refusal
of this most dire status quo.</p>
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style="margin: 0px; padding: 0px; border: 0px; outline:
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background: transparent;">
<div class="panel-pane pane-mitpress-biogratitle"
style="margin: 10px 0px; padding: 0px; border-width:
1px 0px 0px; border-top-style: dashed;
border-top-color: rgb(153, 153, 153); outline: 0px;
font-size: 15px; vertical-align: baseline;
line-height: inherit; clear: both; background:
transparent;">
<h2 class="pane-title" style="margin: 1.07em 0px
0.2em; padding: 0px; border: 0px; outline: 0px;
font-size: 24px; vertical-align: baseline;
line-height: 1em; font-family: Helvetica, Arial,
sans-serif; font-weight: bold; background:
transparent;">About the Author</h2>
<div class="pane-content" style="margin: 0px; padding:
0px; border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height: inherit;
background: transparent;">
<p style="margin: 0px 0px 1.2em; padding: 0px;
border: 0px; outline: 0px; font-size: 15px;
vertical-align: baseline; line-height: 21.75px;
font-family: Georgia, serif; background:
transparent;">Maurizio Lazzarato is a sociologist
and philosopher living and working in Paris, where
he studies immaterial labor, the breakdown of the
wage system, and “post-socialist” movements. He is
the author of<span class="Apple-converted-space"> </span><i
style="margin: 0px; padding: 0px; border: 0px;
outline: 0px; font-size: 15px; vertical-align:
baseline; line-height: inherit; font-style:
italic; background: transparent;">The Making of
the Indebted Man<span
class="Apple-converted-space"> </span></i>and<span
class="Apple-converted-space"> </span><i
style="margin: 0px; padding: 0px; border: 0px;
outline: 0px; font-size: 15px; vertical-align:
baseline; line-height: inherit; font-style:
italic; background: transparent;">Signs and
Machines</i>, both published by Semiotext(e).</p>
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