
Debt and the Collapse of Antiquity – Michael Hudson (pt 1/2)
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The Negative Connotation of Tyranny
The term tyrant comes to mean something course very with a very negative connotation, but really what we're talking about our people who had appeals to the population and could challenge the system. The edema the word in the linguistics is very much like today, when President Biden says that the world is dividing in the next 20 years between democracy and autocracy. What he means by democracy is what Aristotle called oligarchy. That's a democracy's turn into oligarchy so Biden is really saying it's oligarchy versus autocracy. And what he means by autocracy is what the Romans meant by kingship and the Greeks meant by tyranny. You need a mixed economy, you need a public sector
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