What’s your take on this history of debt and rentiers? @Outsideness @thespandrellhttp://www.unz.com/mhudson/the-delphic-oracle-was-their-davos/ …
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Replying to @thespandrell @Outsideness
Well, Hudson is an old-school lefty. The text is originally published at Naked Capitalism. Still he’s quite right that a society in which debt overtakes economic growth (ours) MUST collapse. I see similarities to the atoning James Goldsmith. A rentier class importing new debtors.
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Replying to @thespandrell @Torstensson111
Your worst idea ever. (If you like the idea of a Jubilee, you'll love senile dementia.)
5:45 PM - 7 Apr 2019
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