By Elettra Stimilli, Roberto Esposito, Arianna Bove
Trans. through Arianna Bove, foreword via Roberto Esposito
Max Weber s account of the increase of capitalism concerned with his idea of a Protestant ethic, valuing diligence in incomes and saving funds yet restraint in spending it. although, such person restraint is overseas to modern understandings of finance, which deal with ever-increasing intake and debt as ordinary, virtually crucial, for holding the industrial cycle of shopping for and promoting.
In The Debt of the Living, Elettra Stimilli returns to this concept of restraint as ascesis, by means of reading theological and philosophical understandings of debt drawn from various figures, together with Saint Paul, Schmitt and Agamben, Benjamin and Marx, Nietzsche and Freud, and Foucault. relevant to this research is the good judgment of revenue for revenue s sake a facet of Weber s paintings that Stimilli believes has been given inadequate recognition. Following Foucault, she identifies this because the unique mechanism of a capitalist dispositif that feeds now not on a goal-directed rationality, yet at the self-determining personality of human company. Ascesis is prime no longer since it is characterised by means of renunciation, yet as the strength of will it imposes converts the thoroughly human caliber of motion with no predetermined target right into a lack, a fault, or a kingdom of guilt: a debt that can't be settled. Stimilli argues that this lack, that's very unlikely to fill, may be visible because the foundation of the economic climate of hedonism and intake that has ruled worldwide economies in recent times and because the premise of the present economic climate of debt."