Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world
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- เผยแพร่เมื่อ 23 พ.ค. 2023
- Economist Michael Hudson discusses his book "The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point", and how this history from 2000 years ago is still so relevant to understand our debt-based societies today.
You can find links to all of Michael's books at his website Michael-Hudson.com
You can support Michael on Patreon at Patreon.com/MichaelHudson
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Every day we get to hear Michael Hudson explain how the world really works is a true blessing and a necessary enlightenment.
Hudson is enlightened isn't he
there is no one even close to being on his level he is without doubt the greatest economist/historian of the late 20th/early 21st entry. And he's got a young padawan in Ben Norton
Why do we have a communication system that unimaginable in historic terms, that refuses to broadcast to the world truths and ideas that must be heard. CNN is lost and searching for relevance yet they refuse to broadcast these truths and ideas that must be heard. If they want to dominate the communications media market then they should broadcast those truths ideas that people are hungry for.
Even after 1,500 years, we really haven't progressed far from the oligarchic caste system of Ancient Greece and Rome. The oligarchy still rules over us today.
Same game, better wifi
We must identify the tools they used against us and fight against it with all our might. One I can think of is their propaganda machine.
Because the oligarch's "brainwash" (education/media) people into supporting their own enslavement. Think of ALL the propaganda surrounding Communism (Socialism) and Western "free market" Capitalism. People just repeat misinformation as if it is truth. The reality is the oligarch's have "progressed" while regular humans have "regressed".
@@Rawdiswar 😂
This is a good example of the cyclical or spiralling nature of history.
The dose of daily Hudson makes this channel the truth!
If I had found Prof Hudson’s works earlier in my student years, perhaps I would have avoided the error of a meaningless banking career, and applied my energies earlier to something more constructive. However, it’s never too late to learn and apply. Thank you Ben for bringing the good Professor’s works to us.
Meaningless bank career? I'm sure you made a lot of money more than most ever will.
@@satori-in-life That was the point of the statement, money don't matter that much. Seems like you've been brainwashed by the oligarchy the prof has been talking about.
@@ovidiudraghici9941 If money dosn't matter that much, try living without it.
@@ovidiudraghici9941 I embarked on an engineering career. I probably would have been just as happy or more making bombs as making electical transormers. Swards resemble plowsheers...
The vanguard will have bankers in it, soldiers and busy body bureaucrats as well.
An excellent outline of the history behind the purposeful development of the U.S. Debtfrastructure system by successive Congressional Acts (a wholly owned subsidiary of the Bankster Class).
Gangster dono
Fascinating, since I left my country of birth over 40 years ago. I have learnt to question inherited values and norms of my origins. Michael Hudson takes my limited 70 years of inquisitiveness to a whole new level . Five millennium of history , thank you for these insights.
Hudson is like opening a window, after a heavy sleep, letting sunshine and air in.
Incredible lecture again! Thank you Ben Norton and everybody involved!
Somehow you make it sound like sleep is no good. :)
Thank you for this. My first two degrees were in Classics, and I always found a huge discrepancy between the Augustine of the Confessions (my first meeting with him) and that of the City of God or other writings. Even the Augustine of the de libero arbitrio seems at odds with the City of God - but as I have gone on from my university days, and faculty days, especially with the help of voices like Dr Hudson's, it has become clear to me that what links the two is in fact that sense of concupiscence in Augustine which almost always means libido. In particular a wealthy Roman citizen's libido, the notion of freedom which Hudson describes here attendant. Ultimately, what I realise is that the education I received was principally aimed at telling the story of antiquity in such a way that it served to support the axioms of a) Empire, b) capitalist production and c) the abnegation of the working class as "the masses", the "mob" - it was not aimed at a real understanding of either the Classics or the present.
Thank you for allowing the genius of prof Hudson a platform. He is a marvel
AppleScab
You care to elaborate on your chickenshit comments?
Not a genius. If you listened carefully. Michael Hudson says over and over how he has to invest time to learn, what you called genius. Anyone who invests time to learn. Can come to the same wisdom, you referred to as genius.
@@markmahan38 his genius lies in how he takes a subject matter that he understands so thoroughly that he never needs to resort to b.s jargon or overcomplicated terminology to explain and educate others. I have read and listened to my fair share of economists but prof. Hudson has been the only one who actually knows and doesnt parrot.
@@markmahan38 It seems challenging to me but I did master much of popular mathematics.....
@@hhheee3939 Hudson could describe capitalism as the things you need to do to make capital.....
History of Roman vs Eastern orthodoxy and usury is fascinating. Thanks for the interview
Both of you are terrific! Thank you for your contributions to public education.
What a brilliant exposition of the economic history of our world Michael Hudson gives us here. Also in clear, precise and simple plain language!
I was enlightened and learned so much here
thanks ben for bringing michael around. i got a clear image of the stranglehold of debt.
Fascinating! I wrote my master’s thesis on the deliberate misinterpretation of the Bible and this is the first I’m learning of the economic elements.
Thank you very much, Professor Hudson and Ben!
Ivan Illich wrote about similar themes. His focus was more on the New Testament era and the Middle Ages when early Christianity became institutionalized and sin was criminalized, which evolved into modern institutions like hospitals and schools and law. Illich saw modernity as the corruption of Christianity, he was a priest but he was suspended for his criticism of the church. Hudson may have known him, he operated in the liberation theology context of the 50s and 60s in Latin America. "Rivers North of the Future" is a good summary of Illich's ideas.
Echos of Kautsky are reverberating
William freaking Blake duh
Pelagius too
This is mind-blowing
"Geopolitical Economy" is becoming a reference to everyone concearned with what is really going on in the World.
Thank you very much Ben for having this project with Professor Michael Hudson! It's always very enlightening!
This was an excellent program. Thank you Ben and professor Hudson for educating the masses 👍💕
WOW!!! This is the best masterclass I’ve ever attended (virtually or present) in my life.
This man is a legend! A real global treasure!
Absolutely fantastic history. Really turns the conventional history upside down. Always wondered why there was never economic history pre 17th century.
Cause it would lead to revolution or the collapse of the 2 party system
Mr. Hudson is, hands down, the greatest Political Economist of our age.
I've just learnt more on this video than I have in 60 years. And everything makes so much sense now . Wow thankyou so . 👍 ♥
It's always a treat to hear the insights of Professor Micheal Hudson. Many thanks to both of you!
Thank you very much. This is a great service to humanity. I like how Professor Michael Hudson pointed out that how we currently understand oligarchies, autocracies, kings and tyrants is an example of how control of language can be used to affect our perceived reality and therefore control us. We really are in the matrix. Matrix Exodus, when?
When you get on a plane to China 😂
@@JS-ih7lu How do you know China is not an expansion of the matrix? And what makes you think the Exodus will be a movement in space?
@@DorksterJr How do you know it isn’t? 😂 I can only say try it and find out for yourself.
@@JS-ih7lu why China? Have you been there?
@@guilmarperez4674 Yes I have. I’ve lived there long enough to see that the Chinese government is focused on improving the lives of its people. It has a completely different political and economic model to the west, and it is wildly successful. There’s a reason it has the highest approval rating of any govt in the world. Most importantly, its political system does not rely on propaganda to survive, its survival relies on continuously achieving set goals. It’s not perfect but there’s definitely less bs than the west. Jerry’s Take on China does a good job of debunking western myths about China if anyone’s interested.
Thank you for more Prof Hudson!
you need to reply Kamilla as a moderator
Without exaggeration one of the most important books ever written. Bravo.
Excelente, toda una cátedra con el gran Michael Hudson. Gracias B Norton.
😊In 😊😊😊😊gibt 😊😊
@@bohemianharvest As far as I know there is only an english version.
During my undergrad years, I came to know about M. Hudson's work because of the interviews he gave on now-gone RT America. I was so impressed by his description of Mesopotamian economic practices that I filled purchase requests at the university library for all the volumes on the collection. To this day, I keep those photocopies. Fortunately, his work, reuniting some of the top scholars on the Ancient Near East, has had some impact on public opinion, for example, with the publication of David Graber's book on debt, which relied on the scholarship presented on the 3rd volume of said collection. Unfortunately, this work hasn't yet had meaningful change in economics or business curriculum, as economic history or the history of economic institutions are rarely required courses and sometimes aren't even offered. May prof. Hudson enjoy good health so that he can finish his long-awaited trilogy.
Thank you Ben for your interview with the Godfather of holistic thinking.
Professor Hudson is the fog rolling off the hills revealing the true state of things
Thank you both for illustrating the value of studying Ourstory .
Fascinating and massively enlightening. Dashing apart thousands of years of hagiography essentially. Ty
If only prof michael hudson was as popular as elon musk and had people quoting and hanging on his every word instead. What a dream
musk is paid opposition
The world would have a hope of survival if that were the case
I really appreciate Professor Hudson. I learned so much from his lectures. Thanks professor Hudson.
Fantastic interview and discussion. Much appreciation to Prof. Hudson for his work into the origins of accepted orthodoxies today that are used consistently to condition our minds into tortuous serfdom. Thanks also to GE and Mr. Norton for your work broadcasting and sharing such important history. 👏✊❤🙏
My GOODNESS ... Hudson should have his own school of Economics and History. This man's omniscience and philanthropic sensibilities are priceless. X
Thank you so much, Professor Hudson, for this fabulous lesson in (real) history!
I was already aware that most (nearly all?) of our recent history was Revisionist propaganda. But I had always believed that at least the FOUNDATION of "Western civilization" was (somehow) noble and enlightened. This interview was a revelation for me.
This was absolutely fascinating. I could listen to Professor Hudson for hours on end. Thank you so much to both Professor Hudson and Ben.
Wow. If only I'd had Prof. Hudson instead of high school. Huge exciting history lessons beautifully told! Buy these books!
hudson and norton. great!
I absolutely cherish Michael Hudson. I can listen to him endlessly. His findings make this world make absolute sense. Thank you.
An absolutely fascinating & enlightening discussion. If only I had had Michael Hudson as a professor in my university days. I hope his books will reach many thousands of contemporary students. Thank you for the best online geopolitical and historical class I have ever attended.
Each time I listen to Professor Hudson I think the same thing: this is the best class ever.
I think we all need to bring back the ancient practice of Secessio plebis
Agree 👍
I've never learned this much in an hour and a half before. Thanks so much.
Such important and useful information! Thanks Ben and Michael. This understanding of what is meant by "democracy" really helps.
Michael Hudson is fascinating, as always, he makes economics interesting by presenting it in a narrative way.
Whenever a society is overrun by the debt bookkeepers it is no longer a society at all but instead becomes a system of masters and slaves. The U.S. and indeed many countries in the world are experiencing that. The making of masters is always painful and unfair. It is however driven by the narcissism of the accruers and holders of the debt. Privatization of public property and institutions is simply the way societies dissolve into chaos.
Greece and Rome actually being the endpoint of civilization is so fvcking poetic it hurts
Only Western civilization.
It's a good thing it simply isn't true.
Once again I just have to applaud you Ben for improving again on your channel and highlighting the economics behind the geopolitical situations. This information is not only invaluable to understanding all conflicts but context that is left out of so many discussions as economics seems so daunting as a subject. The reality is there has been so much left out or manipulated in the story of economics. Yet it’s understanding this real history highlighted by yourself and your guests that helps us all understand the multipolar world better. Thanks again for creating this space for these important conversations 🙏
Great show. Thanks Ben and Michael for your hard work.
Love your work. Thank you Ben and Prof. Hudson.
This is interesting to look at this from the point of view of Chinese history. Chinese empire trend to have a growth and decline cycle that is link to the ability for the central government to re-distribute wealth. Empire generally collapse when it can no longer raise tax from rich merchants in the wealthy areas. (Similar to what Professor Hudson describe when the legal system of the Roman empire become protective of the rich debtors)
what a marvel this man is
Listening to this interview, I am reminded of the huge debt the Republic of Haiti began paying to France in 1825 for the "property" French enslavers lost during the Haitian revolution. This interest bearing debt was eventually reduced from 150 to 90 million gold francs in 1838, and took 5 generations to finally repay in 1947. It plunged Haiti into spiraling economic ruin and political instability. It is the single biggest factor in shaping why Haiti is the way it is today.
It's crazy how smart MH is on the history. Very rare.
The man is a genius no doubt about it,I have his book…and forgive them their debts,and I have just ordered this book and look forward to furthering my education of the past that always affects the never ending now
This interview was fantastic!!! Thank you both for this!!! And this reminded me a lot of David Graeber and his book Debt: the first 5,000 years. 👍
Brilliant work from professor Hudson and you Ben for keeping up. Now I know why Marx liked Martin Luther, but realising that money/corruption would defeat him. I wish I had this book when I was majoring in Philosophy and government. Perhaps I may add that Syria and Iran have large Jewish, Christian and Muslim populations living together in peace. Boy, the west just cannot stand this!
Always so excited to see him on! Need to rewatch and take notes! Thank you, Ben! ♥️
Thank you so much gentlemen.
Comment for the algorithm. Love the work, Ben, et al ❤
41:19 The same things British did in India the Zamindar system where farmers were tenants on their land.
Interesting how it was the near east and east that came up with debt forgiveness. And how it is once again the east who are doing debt forgiveness. Such as China within the BRI, loans.
How interesting that you connected past to current policies of debt forgiveness. TY
Michael Hudson and Richard Wolff are the best
Thank you for having Professor Hudson. I always enjoy his insights and scholarship. I highly recommend an another book by the journalist and historian Michael Hoffman "Usury And Christiandom The Sin That Was And Is No More." Another book to consider is R.H. Tawney "Religion and the Rise of Capitalism." Happy reading!
Wow, just eye-opening - thank you, Ben & Michael!
This is so great I come back to re watch from time to time
That's why we like Magna Carte so much here in the UK and there's a real interest now in learning about common law and how it's the people who hold sovereignty, not parliament, and we wish to re-establish our proper way of living not the criminal order that has been put in it's place now.
Super conversation! Hope the new book receives the reader Reception it deserves. Tnx to both of you!
God bless you, Mr. Hudson
Thanks!
Enjoyed this interview a lot, thank you.
Pleased shared this video
Beautiful, learned, amazing presentatiom from Prof. Hudson. So cool.
egad Ben, Hudson has reached a new plateau of brilliance here.
Micheal Hudson is our MVP. ❤
The quintessential video to watch on the internet today.
Thank you for this. I hope many people will watch this because debt is at the core of all that's going on.
Absolutely
Wow, what a great discussion 👏🏼
Thank you for this fantastic program.🙏🙏
The man is a genius,no doubt about that,I have his book…and forgive them their debts, and I have just ordered this one and look forward to increasing my education of the past,which always affects the never ending now
In the US property rights supercede human rights.
Probably one of the most importantly needed books to end these cycles of trauma spanning millennia to present day.
Saved. Must watch. This framing is never given but it's like capital T truth. Thanks for this video!
I love you Michael hudson! Aaaa
Awesome presentation.
Very illuminating content. Thanks
Simply awesome
Amazing
Thanks Ben and Michael I have learned so much from you gentlemen
My thinking has changed so much through discovering you
thank you so much for all the work you do!
Absolutely excellent.
This is fascinating.
Excellent interview, I learned so much.
This was so fascinating. Thanks for all this
Great guest
Wow very interesting stuff
This is very true thank you so much
good job Ben and Michael
Extraordinary work. Thx