In this contribution, I introduce the concept of a ‘debtor society’ and explore how it reflects broader socio-economic transformations shaped by neoliberal policies and financialisation. Building on Pistor’s (2019) argument that capital is coded in law, I argue that the debtor society is defined by two key elements: the normalisation of indebtedness as a central feature of life and the deliberate regulatory imbalances that exacerbate the asymmetry between creditors and debtors (Stănescu 2025, forthcoming). While the rights of creditors and the mechanisms for debt collection are harmonised, simplified and efficient, consumer debtors face fragmented, complex, and inadequate legal remedies … (more)
[Cătălin-Gabriel Stănescu, Transformative Private Law Blog, 22 October 2024]
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