Tag Archives: debt

Debt as a Weapon

Posted on July 8, 2021 by camelotkidd

Michael Hudson has a new post up discussing the future of the dollar as the world’s reserve currency. Here’s taste: “Since Roman times, creditors have forced debtors who could not repay to forfeit their assets through foreclosure or forced sale. … Continue reading →

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N is for Neofeudalism

Posted on April 5, 2017 by camelotkidd

  Everything that was old is new again. Take feudalism, it’s making a comeback. The US economy is trending towards wage bondage and economic polarization, with an all-American debt peonage that I’ve come to call neofeudalism. Heterodox economist Michael Hudson explains how … Continue reading →

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Abhorrent to the vested interests

Posted on February 28, 2017 by camelotkidd

  Economist, Michael Hudson, is an iconoclast who writes and speaks against neoliberal economic orthodoxy. His latest lecture connects early Christianity with economic history, and argues that the reason Jesus was crucified was because he advocated a jubilee, or debt forgiveness. … Continue reading →

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Modalities of Control

Posted on February 12, 2013 by camelotkidd

Why are American’s so docile in the face of persistent unemployment, record levels of foreclosure and a banana republic system of inequality? One word–Debt. “Workers who are unable to meet their debts, who are victimized by constantly rising interest rates … Continue reading →

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