Myopic Bonehead Finance Capitalists Learn Nothing from History about Debt

Capitalists today, especially in Yankeedom, cannot be counted on to plan more than a month ahead. Therefore, to expect financial capitalists to study how the stratified societies of West Asia dealt with the problem of debt is unrealistic. But socialists need to understand this history in order to plan our future. In this interview, Michael Hudson describes the history of how debt was handled, from ancient Mesopotamia to the present.

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