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4/19/16
Debt: The First 5,000 Years
Cultural Anthropology
monopoly by the states and/or government. Prior to this time period gold,
silver, and bronze were not easy to come by. Only the rich could get their
hands on this type of merchandise. But the Axial age is when it all began to
change, things were brought from temples, broken up and given to the
poorer sector. Another way to look at it is, the time of stolen goods. There
was a rise in the black market, drug dealings and prostitution. An argument
that Graeber makes is that war and plunder were nothing new to these areas
so what was the different between previous ages and now? Warriors werent
just the run of the mill anymore in these armies, they were aristocratic,
trained professionals. Alongside their soldiers being mercenaries, they also
had to be rewarded properly, unlike previous armies.
The Mediterranean can be a great example for the relation between
coinage and military power. Graeber goes into detail regarding Athens and its
far-flung naval empire and the Roman Empire. There are several similarities
between these two cities, one being their debt crises, two that their crises
were solved by coinage. He also refers to this time as a military-coinageslavery complex. Many Christian fathers refer to this time as miserable and
desperate, many average peasants were caught in a richer mans webs.
Philosophy began in the Mediterranean with speculation of the cosmos.
India could not be any more different than the Mediterranean. Where in
the Mediterranean their armies were mostly consisting of slaves, India
brought on a new type of military. One that was trained, professional and was
filled with young men of every sort of background. These armies had all of