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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMichael Hudson: Oligarchs Will Never Cancel Debts We Owe Them
Michael Hudson: Oligarchs Will Never Cancel Debts We Owe Them
Michael Hudson sent this short video which explains the history of debt jubilees and the role of private debt in the rise of oligarchies. This is a useful piece in and of itself and as a tool for persuading friends and colleagues who may be ambivalent about debt restructurings.
http://truth-out.org/news/item/20461-michael-hudson-oligarchs-will-never-cancel-debts-we-owe-them
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Michael Hudson: Oligarchs Will Never Cancel Debts We Owe Them (Original Post)
marmar
Dec 2013
OP
A bunch of white men in suits sitting at a long table with a microphone in front of them.
mountain grammy
Dec 2013
#2
And when they owe money to each other, they get the taxpayers to bail them out.
Octafish
Dec 2013
#3
PassingFair
(22,434 posts)1. Michael Hudson. I LOVE that guy.
He can really spell it out for you.
Clear, honest insight.
dixiegrrrrl
(60,010 posts)6. His book "The Monster" is very readable
I had a hard time putting it down, esp. considering it is a book on the economy and the banksters.
mountain grammy
(26,644 posts)2. A bunch of white men in suits sitting at a long table with a microphone in front of them.
A sure sign the rest of us are screwed....
Octafish
(55,745 posts)3. And when they owe money to each other, they get the taxpayers to bail them out.
AIG got at least $183 billion. Tim Geithner got them that was owed 100-cents on the dollar.
Detroit owes at most $18 billion. Jacob Lew is nowhere to be found.
Heather MC
(8,084 posts)4. Yep!
It is scarier than a zombie attack
awoke_in_2003
(34,582 posts)8. That statement would make me chuckle...
if it weren't so damn true.
Laelth
(32,017 posts)7. We need a global jubilee. n/t
-Laelth