How oligarchy and debt control us: From ancient Greece and Rome to US, IMF and World Bank – Michael Hudson
On this episode of Going Underground, we speak to former Wall Street Financial Analyst Michael Hudson, author of ‘The Collapse of Antiquity’. He discusses the origins of debt stemming from the oligarchy-dominated Ancient Greek and Roman ‘democracies’, the tradition of debt cancellation, and how the Roman and Greek oligarchies marked a turning point in history by using debt as a weapon of societal control. He goes on to explain how oligarchic control of entire countries in contemporary late-stage capitalism has evolved through the US-dominated IMF and World Bank, why financial conquest has been far more deadly than military conquest, and much more.
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