A critic of the data protection regime might note that the legislation protects debtors with more force than it does creditors.
More significantly, the law must also take into account the resources of the debtor.
Each debtor and banker is endowed with one unit of nonstorable labor when young (and nothing when old).
This motivates of course a distinction between the creditor and the debtor of the commitment.
It manages to criticise structural adjustment without ignoring the mistakes made by debtor states.
The draining of reserves in the debtor countries accelerated and monetary policy was tightened to ensure gold convertibility.
In each country, there are three types of agents in each generation: capitalists, debtors, and bankers.
By not forcing otherwise foreclosed debtors into the labour market, the supply of labour is restricted, keeping labour wages higher than they otherwise would be.
