The Jubilee Year, that greatest of all resets, is a festival of ordained human incompetence; the sound of its trumpet is a dirge to all those who would posture as something above their brethren; who would enjoy the "lord" in "landlord." https://t.co/e6sRhhVjc2
— New Polity (@PostliberalTho1) November 30, 2020
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Thursday, December 03, 2020
[Debt] Jubilee
Tuesday, October 27, 2020
Bank Job
.@danedelstyn & @HilarySPowell's BANK JOB encourages us all to look more closely at the economic system and how it can be changed. Join a special screening of the BANK JOB film on 11 Dec, plus a Q&A w/ @BankJobPictures @AnnPettifor & @graceblakeley. https://t.co/4SWdLQwtng pic.twitter.com/evkZJ8pJ4F
— chelseagreen (@chelseagreen) October 27, 2020
website
Monday, October 26, 2020
Michael Hudson and Steven Keen
Capitalism’s Charade Continues - In discussion alongside Steve Keen (Prof. Michael Hudson & @ProfSteveKeen) https://t.co/XC4HtsesOT #svpol #pldebatt pic.twitter.com/4Lh4hsooSh
— rds (@robotnr7312) October 26, 2020
Talk Debt, Inequality and Covid on Crosstalk with Michael Hudson
Tuesday, October 13, 2020
Michael Hudson
What a treat, my two favorite economists with one of my favorite TV hosts@ProfSteveKeen and Michael Hudson joining Peter Lavelle @PLCROSSTALK on the subject of growing inequality due to financializationhttps://t.co/Oir4GLe0pb
— Jean Paul (@PetrockDollar) October 13, 2020
Michael Hudson joined me a few weeks back. Check out Debt Deflation and the Neofeudal Empire. @CheeseMacro @RealProgressUS @RP_In_Action https://t.co/nROuJU5391
— Austerity is Murder🌹 (@sdgrumbine) October 12, 2020
Wednesday, October 07, 2020
Michael Hudson Interview
And here it is! My interview with Michael Hudson is ready for your listening pleasure and for all activists to help share! Please support the podcast with all your might. We need YOU! #MMT@CheeseMacro @RealProgressUShttps://t.co/9zJ517Z2ht
— Austerity is Murder🌹 (@sdgrumbine) October 3, 2020
Sunday, September 06, 2020
David Graeber Passes
“Huge swaths of people, in Europe and North America in particular, spend their entire working lives performing tasks they believe to be unnecessary. The moral and spiritual damage that comes from this situation is profound."
— Michael Krieger (@LibertyBlitz) September 3, 2020
- David Graeberhttps://t.co/h2n2SDGNrf
Friday, March 27, 2020
Debt Forgiveness, Debt Jubilees, and Personal Responsibility
Michael Hudson: Our Neo-Feudal System Is on the Verge of Collapse and A Debt Jubilee Is the Only Way to Avoid Depression
Vox Day: The need for a debt jubilee and The answer to the "responsibility" objection
Paul Craig Roberts: Everything Accomplished During the Great Depression to Make Capitalism Workable Has Been Taken Away Resulting in Economic Crisis that Only Debt Forgiveness Can Mitigate and Debt Forgivness and Nationalization Are the Answers to the Economic Crisis
Michael Hudson and Paul Craig Roberts: A Brady Bond Solution for America’s Economic Crisis and Unpayable Corporate Debt
Many have rejected debt jubilees and debt forgiveness because it is "unfair" to those (usually including themselves) who kept themselves out of debt. Bragging about having shown personal responsibility within a system that doesn't care about you while showing no solidarity with others who failed those traps? It is almost like the Boomer boast of how they are self-made people and that younger generations should be more like them. It's as if your obeying the rules of the system somehow give you merit -- sure it's framed in the language of responsibility, justice, and so on, but who is defining these terms and with what laws? The laws of the oligarchs. If some somehow prevail and stay debt free, while the weak are exploited, should they look down on those who are exploited? Have they walked in their shoes? Do they know their personal circumstances? Some of those with debt may be irresponsible flakes but are all of them like that? What have you done to encourage personal responsibility for them? If you say that you have no connection to these people, and that you have no responsibility for them, then they are the responsibility of others, and the state. What is it to you if the state decides to undertake certain measures to protect them? You couldn't do so, or you weren't willing to do so.
If you don't like what the system is doing, then work to change it, but show some consideration to those vulnerable to exploitation by the oligarchs and guide them, when possible.
Vox Day: The need for a debt jubilee and The answer to the "responsibility" objection
Paul Craig Roberts: Everything Accomplished During the Great Depression to Make Capitalism Workable Has Been Taken Away Resulting in Economic Crisis that Only Debt Forgiveness Can Mitigate and Debt Forgivness and Nationalization Are the Answers to the Economic Crisis
Michael Hudson and Paul Craig Roberts: A Brady Bond Solution for America’s Economic Crisis and Unpayable Corporate Debt
Many have rejected debt jubilees and debt forgiveness because it is "unfair" to those (usually including themselves) who kept themselves out of debt. Bragging about having shown personal responsibility within a system that doesn't care about you while showing no solidarity with others who failed those traps? It is almost like the Boomer boast of how they are self-made people and that younger generations should be more like them. It's as if your obeying the rules of the system somehow give you merit -- sure it's framed in the language of responsibility, justice, and so on, but who is defining these terms and with what laws? The laws of the oligarchs. If some somehow prevail and stay debt free, while the weak are exploited, should they look down on those who are exploited? Have they walked in their shoes? Do they know their personal circumstances? Some of those with debt may be irresponsible flakes but are all of them like that? What have you done to encourage personal responsibility for them? If you say that you have no connection to these people, and that you have no responsibility for them, then they are the responsibility of others, and the state. What is it to you if the state decides to undertake certain measures to protect them? You couldn't do so, or you weren't willing to do so.
If you don't like what the system is doing, then work to change it, but show some consideration to those vulnerable to exploitation by the oligarchs and guide them, when possible.
Wednesday, May 02, 2018
Monday, March 20, 2017
Monday, April 04, 2016
More from Michael Hudson and Chris Hedges
Traumatized Worker Syndrome by Michael Hudson and Chris Hedges
Thursday, August 08, 2013
Rune Likvern on The Oil Drum
Rune Likvern: "My Experiences after Eight Years with The OilDrum.com"
Presently and for the near term I do believe we are not primarily facing an energy crisis, but a continued growth in costs to extract resources and Energy is the master resource. This extraction is from increasingly marginal prospects that will make it demanding to replicate the recent decades unprecedented economic growth which also was facilitated by accelerating amounts of debt (borrowing from the future). This happens while society’s ability to pay for costlier resources rapidly diminishes. In this context I also believe that our institutions, governments and individual expectations (e.g. pensions, retirement plans, and ideas of future consumption, etc.) are not likely to come to fruition. These expectations and promises are therefore likely to become subject for revisions to the downside, as the reality of poorer and costlier resources slowly (or possibly suddenly) becomes more apparent and understood.
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