Michael Hudson Temples of Enterprise Debt, Finance, and Society from Antiquity to Today
Автор: American Monetary Institute
Загружено: 2025-10-16
Просмотров: 1864
In this wide-ranging lecture, economist Dr. Michael Hudson explores how ancient Bronze Age societies like Sumer, Babylonia, and Assyria managed to build stable, balanced economies by treating money, debt, and credit as public utilities—a model he contrasts with today’s privatized, debt-driven capitalism. Hudson explains how early rulers used debt jubilees (clean slates) to prevent wealth polarization and maintain social stability, ensuring cultivators retained their land and independence. He traces how this system unraveled through climate crises, invasions, and the rise of creditor oligarchies, culminating in the inequality of Greece and Rome. Hudson connects these historical lessons to modern times, warning that today’s financialized economies mirror late-stage Rome, where oligarchs, banks, and monopolies dominate. He calls for restoring public control over money creation and credit allocation—akin to the Chicago Plan or China’s state-directed credit system—to prevent economic collapse and revive balance between labor, government, and finance.
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