PDF and forgive them their debts Lending Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year THE TYRANNY OF DEBT Book 1 eBook Michael Hudson

Product details

The Rosetta Stone was a debt amnesty... Who Knew? This book has a chance to create a great shift in our thinking about historical credit. I will update this review when I have completed the book but the first two chapters have been already worth the price!
The good Michael Hudson has meticulously researched and analyzed the evolution of debt and the importance of debt jubilees to restore the balance between working people and the oligarch class. Without debt jubilee for ordinary folks (although not for business deals as even in ancient civilizations a line was drawn that jubilees were not for commercial debts) the inexorable math of compound interest will funnel more and more wealth into the holds of the creditor class/Wall Street/rentier class/oligarchs while ordinary citizens get poorer and poorer, as we see today thanks to the neoliberal politics of austerity where the banks get bailed out while ordinary citizens foot the bill.

The less good Michael Hudson is not a literary stylist and his prose requires close attention to work through. A co-writer or very good editor to sharpen up the text would definitely help. This isn't a book you can plow through like a beach novel, let's just say that.
As expected