The Book of Debts (V) opens its pages – in prologue, at Life Before Debt..

 ‘It is not without reason that our financial elites have been called a priesthood. Donning ceremonial garb, speaking an arcane language, wielding mysterious inscriptions, they can with a mere word or a mere stroke of a pen, cause fortunes and nations to rise and fall’ Sacred Economics, Charles Eisenstein

So, it is impossible as an artist and human being, having experienced and recounted what I have around the subject of debt (in both financial, socio-political and psychological, interpersonal terms, for they are almost always related), and seeing the same happening all around me – to be neutral in the face of the growing imbalance and inequality, both in this country and globally.

The Book of Debts itself is a neutral space, a series of blank pages – open to debtors, creditors alike and to any form of debt – but I find it increasingly difficult, as an individual, not to make judgments or adopt a position re the system, this house of cards, we are all trying to exist within and how it is exacerbating this gap at high speed. I have spoken before about the dimension of illusion and absurdity that characterises debt creation , especially at the level of global capital and developing countries, but also here in the UK. David Graeber wrote an article this week ‘The truth is out: money is just an IOU, and the banks are rolling in it’ on how even the banks have admitted that they are making the whole thing up, ‘throwing out the window the theoretical case for austerity’, as well as the exemption of financial elites from cuts and proper taxes. I am excited that he will be one of the speakers at this Saturdays Life Before Debt conference at SOAS, where we were originally invited to do a full cycle of Burning the Books, but now – ironically, due to lack of permission re the fire – will open the Book of Debts (V), present at the opening session, gather entries and reflect briefly on the day at the closing plenary.

Although I do not consider myself a campaigner, social justice has become an inherent part of this project since there are so many stories that call apon the book to voice this. It is a holistic project but it is increasingly clear that there IS no debt without a story, and every sum of money owed carries a tale of some kind- whether this is an injustice, an act of generosity, a highlighting of inequality or a reminder of the capacity of human beings to work together to resist and /or to forgive. I am looking forward to what I will learn from activists, academics and other practitioners from around the world this weekend, and how it will feed into this project and my thinking on the residency.

I will share a few of the stories I will gather on Saturday here next week in the build up to the launch of the Brighton Book of Debts at Fabrica on Sunday April 65-6pm (please come along and be one of the early contributors to what will be an extremely diverse and enriching volume).

(Reposted from my Interhuman blog documenting my residency at Fabrica til May, where the next Book of Debts will be taking up residence from April 6th.. So there will be a cross-over between these two blogs for a while…)

 

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