Revista Latinoamericana de Filosofía Política 7 (1) (2018)
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When should binding debt contracts not be repaid? This article argues that whenever the repayment of sovereign debt threatens the human rights of the citizenry, this provides a weighty normative reason to prioritize the fulfilment of the latter over the former. Since there are specific, non-coincidental reasons to fear that a high indebtedness of states may result in the undermining of the socio-economic and the collective human rights of a state’s citizenry, the more specific thesis defended in this article is the following: whenever debt repayment undermines the socio-economic and collective human rights of the state´s citizenry, states have a normatively weighty reason to prioritize the fulfilment of the citizen’s human rights over meeting their contractual debt payment obligations vis-à-vis their creditors.
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Keywords | Sovereign Debt Debt Repayment Human Rights Global Justice Critiques of Capitalism |
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References found in this work BETA
Spheres of Justice: A Defense of Pluralism and Equality.Michael Walzer - 1983 - Journal of Business Ethics 4 (1):63-64.
Buying Time – The Delayed Crisis of Democratic Capitalism.[author unknown] - 2014
Spheres of Justice: A Defense of Pluralism and Equality.William A. Galston - 1983 - Ethics 94 (2):329-333.
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