Verbatim quote · from the corpus

“This morality holds both for those who are capable of much and those who are capable of little, however much it will be manifested differently in each case. Judgments regarding money and debt will therefore be moral, in this sense: they might, immorally, be used to inflate the hedge against the deposition of the incompetent by expanding indebtedness and dispossession; or, they can be used to make visible, measure and minimize the hedges already there, by privileging competence over further hedging wherever possible. In the contemporary world, we clearly see both tendencies in abundance. The connection between debt, globalism and victimary politics examined by Eric Gans in his first two and final “Unified Field Theory” Chronicles exposes this nexus of incompetence, debt expansion, dispossession and scapegoating very well. The movement on the other side is toward sovereignty, borders, protection of competencies from political contravention, the re-establishment of distinctions between moral and criminal behavior—new, nationalist economic models, privileging productivity over finance, correspond to this movement. Continued movement in that direction depends upon a widening recognition that liberalism has become incompatible with competence, in any field—to maintain competent practices you must either insulate yourself from liberalism or pay it ransom. This will become unsustainable and people will have to choose. It will be helpful to develop an economic theory that posits clear chains of commands and disciplinary spaces as the source of value.”

— Adam Katz, Discipline and Debt · Jan 2019 · GABlog