Debt, Land and Money, From Polanyi to the New Economic Archaeology
By Michael Hudson, Michael Hudson blog
Behind today’s ‘free market’ advocacy is the power of financial wealth to appropriate the political, fiscal and central planning role that Polanyi, Marx and other socialists hoped to see expanded in the hands of democratic government.
Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis
By Michael Hudson, Inequality.org
Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. This view is unprecedented in history. From antiquity to quite recently, personal accumulation of large amounts of wealth was frowned upon, because it usually was achieved at the expense of others.