by This is excellent!Michael Hudson describes how Rome fell when the creditors took over the Senate. They murdered the politicians who stood for the people and for debt reform, and put in charge someone like Trump who cut all the taxes for them. Debts spiralled out of control and the economy crashed. Rome was no more. [embedded content] Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent debt peonage and the rise of an oligarch elite.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Michael Hudson describes how Rome fell when the creditors took over the Senate. They murdered the politicians who stood for the people and for debt reform, and put in charge someone like Trump who cut all the taxes for them. Debts spiralled out of control and the economy crashed. Rome was no more.
Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent debt peonage and the rise of an oligarch elite.