"Democracy throughout antiquity meant serfdom for most of the population. Aristotle was very clear on this. He said, “Many cities have constitutions that appear to be democracies, but they’re really oligarchies.” And in fact, every democracy, Aristotle wrote, tends to turn into an oligarchy, as wealthy people get rich, and then the oligarchy makes itself into a hereditary aristocracy, and lords it over the rest of society."

https://jacobin.com/2021/12/michael-hudson-interview-debt-forgiveness-cancellation-ancient-rome-christianity

#debt #bitcoin #finance #debtforgiveness #history #philosophy #grownostr #michaelhudson

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Athens was already an oligarchy, when the problems became to much they had a go at democracy