Debt functions as a mechanism extending working life indefinitely

Evidence

Given all of this, it is clear that most political struggles at the moment amount to a war over time. The generalised debt crisis that hangs over all areas of capitalist life and culture — from banks to housing and student funding — is ultimately about time. Averting the alleged catastrophe (of the end of capitalism) will heighten the apocalyptic temporality of everyday life, as the anticipation of catastrophe gives way to a sense that we are already living through the catastrophe and it, like work, will never end. The increase of debt justifies the extending of working hours and working life, with retirement age being pushed ever further back. We are in a state of harassed busyness from which — we are now promised — there will never be any relief. — Mark Fisher (edited by Darren Ambrose), K-Punk, 1630

Categorization

• XREF: connects to: Debt functions as a capture of subjects’ future time under contemporary capitalism — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 1666; Financialization captures and encloses human creative capacity through debt — Max Haiven, Cultures of Financialization, 390; Debt operates as a capture of the debtor’s future time. — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 1666

Broader Connections

• Debt operates as a capture of the debtor’s future time. #corroborates (0.95) — Mark Fisher (edited by Darren Ambrose), K-Punk, 1666
• Debt functions as a capture of subjects’ future time under contemporary capitalism #expands (0.90) — Mark Fisher (edited by Darren Ambrose), K-Punk, 1666
• Financialization captures and encloses human creative capacity through debt #expands (0.75) — Max Haiven, Cultures of Financialization, 390