A project by:
Freudian Typo(Ali Ahadi-Ghazaleh Avarzamani)
Condensed Word, Displaced Flesh
Mixed Media Installation
2025
‘A debt is just the perversion of a promise ...
corrupted by both math and violence.’
– David Graeber, Debt: The First 5000 Years
The exhibition unfolds debt not as a financial
anomaly but as a key element that forms the
contemporary political economy of Western
Christendom, imposed and made hegemonic
globally. The exhibition highlights how historical
systems of accumulation and coercion bind singular
lives into perpetual debt, turning precarity into a
universal human condition.
Departing from the English translation of Chad
Gadya—an allegorical tale that operates on a
chain of catastrophes and punishments after a
little goat is bought for two zuzim (coins)—the
exhibition invokes the illusionist tactics of capital,
where all accumulation is made to appear as the
disappeared. In turn, generations pay the debt
they never caused. What vanishes is never capital,
but the visibility of those made to repay it—and the
ledger that never balances.
With references to finance, medicine, and classical
English literature—particularly Shakespeare’s
The Merchant of Venice and The Moor of
Venice (Othello) where the emblematic Jewish
and Moor figures are both subjects to the same
system of prosecution—visitors encounter a series
of bureaucratic posters, images, and sculptures
shaped by the financial (moral) grammar of
Western Christendom. Within this horizon, where
debt and finance gave rise to the lexicon of guilt,
sin, and redemption, the exhibition ponders how
a shift in the way we imagine collective autonomy
and individual agency can emerge through a
rupture in the language of finance and morality.
Photography:
Tim Bowditch
© Ghazaleh Avarzamani 2025