Do Creditors Exploit Debtors, or Vice Versa?

http://economicrisis.com/do-creditors-exploit-debtors-or-vice-versa/694

Do Creditors Exploit Debtors, or Vice Versa?

I’m asking this question because I think a proper understanding of the answer is a giant leap toward grasping the geopolitical realities of the relationship between America and China.

This discussion was triggered by Noah Smith’s discussion of David Graeber’s ideas on debt, and particularly his idea that debt is a means to “extract wealth” out of others.
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