Michael Hudson is a rare bird. He went from a Wall Street financial analyst to an arch critic of finance capitalism. In this book he takes us on a historical journey all the way back to Mesopotamia and describes how debt was managed and forgiven. From there he takes us through the ancient world, and explains how when debt was not forgiven those civilizations collapsed. The same is true for Britain and Yankeedom today. Michael offers a searing analysis on how history is playing out now in the struggle over a unipolar or multipolar global economic future.
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