Essay on The And The Creditor Debtor Relationship

773 Words Dec 15th, 2014 4 Pages
The foundations of these two relationships are distinctively different. If the gift economy is one based on hostility and the desire to win, where a deliberate inequality is established, the creditor-debtor relationship is a partnership based on trust and reciprocity, where equality is valued. It is not in its nature that the creditor-debtor contract serves as an instrument for the manipulation of power. The hierarchy of creditor-debtor relationship is not formed at the moment when the promise is made. The creditor is not necessarily better than the debtor. The one who gives his vow is not necessarily less of a respectable man. The immense power the creditor have over the debtor only comes available when he is unable to repay. Before the payment is due, the creditor has merely the threat to exercise such power in the event of default. The custom of reaching equivalence and our moral of justice form our judgment that the one who breaks his vow is worse than the one who keeps his promise. Only now is the debtor inferior to his creditor. In other words, like the giver of the gift, the power of a creditor expounded by Nietzsche is acquired by losing his property, however unintentionally and reluctantly. The hierarchy and the inequality of creditor-debtor is only realized through giving up part of his wealth to the debtor.
Nietzsche’s discourse on “Schuld” is the key to the entire Second Essay. The ambiguity of Schuld illustrates the complexity in the psychology of the debtor.…

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