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RECORDED ON APRIL 10th 2024.
Dr. Michael Hudson is President of the Institute for the Study of LongTerm Economic Trends (ISLET), a Wall Street Financial Analyst, and Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of SuperImperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), “…and forgive them their debts” (2018), The Collapse of Antiquity, and his latest book, Temples of Enterprise.

In this episode, we focus on The Collapse of Antiquity. We start by talking about the historical origins of the notions of debtor and creditor, the invention of debt cancellation, and interestbearing debt. We discuss the social consequences of not cancelling debts, and the relationship between debt and wage labor. We explore the rise of creditor oligarchies in classical Greece and Rome, the legacy of procreditor ideology, and the fall of the Roman Empire. We talk about debt cancellation in early Christianity, and how Catholic doctrine changed over time. Finally, we discuss what we can learn from what happened in Greece and Rome, and our current predicament.

Time Links:
00:00 Intro
00:42 The origins of debtors and creditors
10:30 The invention of debt cancellation
15:42 Interestbearing debt
21:02 The social consequences of not cancelling debts
25:00 Debt and wage labor
26:11 The rise of creditor oligarchies in classical Greece and Rome
36:46 The legacy of procreditor ideology
44:15 The fall of the Roman Empire
47:30 Debt cancellation in early Christianity
1:08:33 What we can learn from what happened in Greece and Rome
1:18:30 Cancelling the debts that countries owe each other
1:22:51 Our current predicament
1:28:17 Follow Dr. Hudson’s work!

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Website: https://bit.ly/3TyMx4z
The Collapse of Antiquity: https://bit.ly/3tWEK6u

A HUGE THANK YOU TO MY PATRONS/SUPPORTERS: PER HELGE LARSEN, JERRY MULLER, HANS FREDRIK SUNDE, BERNARDO SEIXAS, OLAF ALEX, ADAM KESSEL, MATTHEW WHITINGBIRD, ARNAUD WOLFF, TIM HOLLOSY, HENRIK AHLENIUS, FILIP FORS CONNOLLY, DAN DEMETRIOU, ROBERT WINDHAGER, RUI INACIO, ZOOP, MARCO NEVES, COLIN HOLBROOK, PHIL KAVANAGH, SAMUEL ANDREEFF, FRANCIS FORDE, TIAGO NUNES, FERGAL CUSSEN, HAL HERZOG, NUNO MACHADO, JONATHAN LEIBRANT, JOÃO LINHARES, STANTON T, SAMUEL CORREA, ERIK HAINES, MARK SMITH, JOÃO EIRA, TOM HUMMEL, SARDUS FRANCE, DAVID SLOAN WILSON, YACILA DEZAARAUJO, ROMAIN ROCH, DIEGO LONDOÑO CORREA, YANICK PUNTER, CHARLOTTE BLEASE, NICOLE BARBARO, ADAM HUNT, PAWEL OSTASZEWSKI, NELLEKE BAK, GUY MADISON, GARY G HELLMANN, SAIMA AFZAL, ADRIAN JAEGGI, PAULO TOLENTINO, JOÃO BARBOSA, JULIAN PRICE, EDWARD HALL, HEDIN BRØNNER, DOUGLAS FRY, FRANCA BORTOLOTTI, GABRIEL PONS CORTÈS, URSULA LITZCKE, SCOTT, ZACHARY FISH, TIM DUFFY, SUNNY SMITH, JON WISMAN, WILLIAM BUCKNER, PAULGEORGE ARNAUD, LUKE GLOWACKI, GEORGIOS THEOPHANOUS, CHRIS WILLIAMSON, PETER WOLOSZYN, DAVID WILLIAMS, DIOGO COSTA, ANTON ERIKSSON, CHARLES MOREY, ALEX CHAU, AMAURI MARTÍNEZ, CORALIE CHEVALLIER, BANGALORE ATHEISTS, LARRY D. LEE JR., OLD HERRINGBONE, MICHAEL BAILEY, DAN SPERBER, ROBERT GRESSIS, IGOR N, JEFF MCMAHAN, JAKE ZUEHL, BARNABAS RADICS, MARK CAMPBELL, TOMAS DAUBNER, LUKE NISSEN, KIMBERLY JOHNSON, JESSICA NOWICKI, LINDA BRANDIN, NIKLAS CARLSSON, GEORGE CHORIATIS, VALENTIN STEINMANN, PER KRAULIS, KATE VON GOELER, ALEXANDER HUBBARD, BR, MASOUD ALIMOHAMMADI, JONAS HERTNER, URSULA GOODENOUGH, DAVID PINSOF, SEAN NELSON, MIKE LAVIGNE, JOS KNECHT, ERIK ENGMAN, LUCY, YHONATAN SHEMESH, MANVIR SINGH, AND PETRA WEIMANN!
A SPECIAL THANKS TO MY PRODUCERS, YZAR WEHBE, JIM FRANK, ŁUKASZ STAFINIAK, TOM VANEGDOM, BERNARD HUGUENEY, CURTIS DIXON, BENEDIKT MUELLER, THOMAS TRUMBLE, KATHRINE AND PATRICK TOBIN, JONCARLO MONTENEGRO, AL NICK ORTIZ, NICK GOLDEN, AND CHRISTINE GLASS!
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