Elites run state entities for their own benefit and justify it all to the sheep with cynical appeals to nationalism, patriotism, and economic mythology and fill in any holes in their story with out-right lies.
"Daily existence is increasingly that of despair, depression, and derangement, punctuated by news of the latest serial murder spree or global eco-disaster, consumed as horrible entertainments in the emptiness." - John Zerzan
Showing posts with label Counter-Punch. Show all posts
Showing posts with label Counter-Punch. Show all posts
Sunday, January 15, 2012
Monday, January 2, 2012
Debt slavery and the modern state
"Since the Renaissance, however, bankers have shifted their political support to democracies. This did not reflect egalitarian or liberal political convictions as such, but rather a desire for better security for their loans. As James Steuart explained in 1767, royal borrowings remained private affairs rather than truly public debts. For a sovereign’s debts to become binding upon the entire nation, elected representatives had to enact the taxes to pay their interest charges."
Debt Slavery – Why It Destroyed Rome, Why It Will Destroy Us Unless It’s Stopped, by Michael Hudson, Counter-Punch]
Debt Slavery – Why It Destroyed Rome, Why It Will Destroy Us Unless It’s Stopped, by Michael Hudson, Counter-Punch]
Labels:
class warfare,
Counter-Punch,
debt,
Michael Hudson,
oligarchy,
public debt,
statism,
wage slavery
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