{"id":30023,"date":"2023-04-22T20:32:56","date_gmt":"2023-04-23T00:32:56","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=30023"},"modified":"2023-04-28T19:52:23","modified_gmt":"2023-04-28T23:52:23","slug":"debt-and-the-collapse-of-antiquity-michael-hudson","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2023\/04\/22\/debt-and-the-collapse-of-antiquity-michael-hudson\/","title":{"rendered":"Debt and the Collapse of Antiquity \u2013 Michael Hudson"},"content":{"rendered":"<p><em>The Analysis News <\/em>has the post <a href=\"https:\/\/theanalysis.news\/debt-and-the-collapse-of-antiquity-michael-hudson\/\" rel=\"noopener\" target=\"_blank\">Debt and the Collapse of Antiquity \u2013 Michael Hudson<\/a>.<\/p>\n<blockquote><p>\nWe get a first look at the new book by renowned political economist Michael Hudson on the age-old battle between creditors and the real economy. Ancient Rome refused to adopt the practices of debt forgiveness and land redistribution previously understood to be essential. Instead, they instituted a rigid pro-creditor legal system, assassinating anyone who remotely threatened it&#8211;including Tiberius Gracchus, Julius Caesar, and Jesus. The empire devolved into a rentier economy, ultimately collapsing from within. Today&#8217;s neoliberal establishment increasingly defends this failed state framework, even as the same disastrous dynamics intensify.\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n    <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/CmazxjNHVs4\" title=\"YouTube video player\" style=\"border:thick ridge #009900;\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div>\n<pre><\/pre>\n<p>I was getting tired of hearing interview after interview with Michael Hudson about his new book &#8220;The Collapse of Antiquity&#8221;, but I was pleasantly surprised by this interview.  The interview which is only the first half of two, gets further into the book than I am in reading it.  Michael Hudson gets to make a lot of points that I have not got to yet.  The few comments on the interview do not seem to have gotten the message right.  The comments extol some of the points that Hudson decries.<\/p>\n<p>Here is an excerpt from Michael Hudson&#8217;s book that I just read last night.<\/p>\n<div style=\"text-align:center\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2023\/04\/book01.jpg\" alt=\"\" width=\"790\" height=\"234\" class=\"aligncenter size-full wp-image-30026\" srcset=\"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2023\/04\/book01.jpg 790w, https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2023\/04\/book01-300x89.jpg 300w, https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2023\/04\/book01-150x44.jpg 150w, https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-content\/uploads\/2023\/04\/book01-768x227.jpg 768w\" sizes=\"auto, (max-width: 790px) 100vw, 790px\" \/>\n<\/div>\n<p>This does not sound like an endorsement of Socrates&#8217; brand of logic.<\/p>\n<hr class=\"plain\"\/>\n<p>28 April, 2023 addition of Part 2.  The may be  the most startling part if you have been raised in a Western culture.&#8221;<\/p>\n<blockquote><p>\nIn part two, Michael Hudson discusses his new book &#8220;The Collapse of Antiquity.&#8221; Hudson challenges the traditional beliefs about the fall of the Roman Empire, arguing that it was caused by a financial crisis brought on by excessive debt, wealth inequality, and the concentration of economic power. Hudson draws parallels to modern-day economies and highlights the dangers of financialization and wealth concentration.\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n    <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube-nocookie.com\/embed\/pCIpGznmyoE\" title=\"YouTube video player\" style=\"border:thick ridge #009900;\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Analysis News has the post Debt and the Collapse of Antiquity \u2013 Michael Hudson. We get a first look at the new book by renowned political economist Michael Hudson on the age-old battle between creditors and the real economy. Ancient Rome refused to adopt the practices of debt forgiveness and land redistribution previously understood [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-30023","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=30023"}],"version-history":[{"count":5,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30023\/revisions"}],"predecessor-version":[{"id":30029,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/30023\/revisions\/30029"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=30023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=30023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=30023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}