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Debt and the Collapse of Antiquity – Michael Hudson (pt 1/2)

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CHAPTER

The Problem With Debt

The whole setting for Plato's Republic has been pretty much misrepresented. He believes that basically you need politicians who are kind of without without really funding in a way or without being other than a kind of basic income. And he uses this debt, just like a egotistical violent person will use a weapon and he uses the debt to take away your freedom. They're going to act in their own self interest and they're going to promote a creditor oriented law. This is going to destroy society.

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