Do we need to bring back debt forgiveness?
Don Graves blames education for some of modern day's problems but it strikes me that the problem starts before this in the Deep State that developed during WW2. Its this power nexus, created in the face of a real life danger in Nazi Germany, that got out of hand hugely and then became too big and powerful to stop which has gripped us now.
If you look into who the Deep State was it was the mixing of Wall Street, organized crime and Govt Agencies. Whitney Webb writes about this nexus a lot.
To a degree this is to be expected since Roman times. According to Michael Hudson it was the Romans who did away with the tradition of debt forgiveness and that this started to allow large powerful families and industries to continue to grow powerful over time eventually forming oligarchies.
Prior to this The King would forgive the debt of the people to those people and everything which the larger families loaned out was not paid back. I believe this was only for non-commercial loans not every single loan.
Michael Hudson also says it was thing which was the real reason for Caesars murder by the oligarchs of the time because he was thought to be just about to forgive the debts of the people.
Do we need to bring back debt forgiveness?
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