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RedditApr 08, 20191 min

The Delphic Oracle Was Their Davos, by Michael Hudson and John Siman

Yes, what's most interesting is straightforward claim that only divine kingship could keep the debt system under control. Fast forward to today, and it becomes "a strong democratic regime," which is ridiculous, and he doesn't even try to explain how that would work. A democratic regime in which everyone agrees with him on debt, and the rich don't exploit that system in anyway. Then he cuts some corners in his discussions of what makes for successful economies--he doesn't just stick to the right position on debt, but dumps a progressive wish list onto the regime he imagines.

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