
Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world
Geopolitical Economy Report
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The History of Debt in the 21st Century
This is the second in a trilogy that you're writing which is a history of debt. The first installment is and forgive them their debts. Why do you think it's so relevant for us today in the 21st century? Well beginning in the 1980s I thought of writing along a history of how countries were ruined by other foreign creditors. Then I found out by about 1982 that there was this whole undiscovered or unwritten about area of the ancient Near East and debt cancellations. And then I began to follow up what happened in antiquity. Most people think of Greece and Rome and Western civilization as the beginning of everything. It couldn't have been the Mesopotamians or the Egyptians,
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