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a real question (in that i do not know the answer):
what exactly is the significance of national debt levels in a globalizing capitalist context?
i understand the matter (the meaning of national debt levels) to be mostly a residuum of the conflict between keynesian and neoliberal notions of the nature of the state and its role in economic activity--but both retain the same nationalist assumptions---i think logically, analytically and politically, the assumptions are largely obsolete...but i am unclear about whether one would extend this into thinking about indices lilke national debt or how one would do it.
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a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
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