by Summary:
The Left's Taboo: Debt Cancellation
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
The Left's Taboo: Debt Cancellation
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| The Left's Taboo: Debt Cancellation |
What do you think about this? Responding to the best comments.
He who? Many people do not realize that their debt is falsely created. Likewise, the use OF debt to CREATE wealth is the basis for our false economy.
Cancellation of debt would seem to be a temporary, not a permanent solution as it does not address the root cause. Similiar in nature to a stimulus. If you excite a node in a Markov chain, and in a system dynamics model, it will eventually return to its former (equilibrium) state. A structural (systemic) change is required for a long term solution.
Across history it was never a permanent fix. It was always done repeatedly. We have just stopped doing it in modern times.
Just cancel it again when it gets too big again. Eating is also a temporary solution to starvation. And also what the other person said.
@@kvaka009 Well then it becomes perpetual debt and becomes a different long term problem.
@@Enigma758 blame agriculture then. Debt is inextricably linked to the problem of surplus. I recommend Graeber's book on Debt, if you haven't gotten around to it yet.
I learned from Michael Hudson that the German currency reform in 1947 was a huge modern debt jubilee and found out that it wiped out 90% of private savings and thus private debts by converting Reichsmark to D Mark at a 1 to ten ratio.
the ones who say it would decredibilize the left are right wing people who pretend to be left (like most of the dems in the US and all so called "socialist" parties in Europe)