Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world
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- Опубликовано: 11 янв 2025
- 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...
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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
A generous donation, well invested.
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.
Indeed
@elonmusksellssnakeoil1744 CNN trying to figure out how to build a viewership. How about putting brilliant thinkers with brilliant ideas out there for people to learn and understand and build a strong civilization that will last eons.
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.
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.
My GOODNESS ... Hudson should have his own school of Economics and History. This man's omniscience and philanthropic sensibilities are priceless. X
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.....
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
The dose of daily Hudson makes this channel the truth!
History of Roman vs Eastern orthodoxy and usury is fascinating. Thanks for the interview
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.
Rotfl
Do you think libidos of a Roman is different from that of a New Yorker?
Human nature is all inclusive of humanity, not just the odd empire.
abnegate
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.
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
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
"Geopolitical Economy" is becoming a reference to everyone concearned with what is really going on in the World.
Without exaggeration one of the most important books ever written. Bravo.
I've just learnt more on this video than I have in 60 years. And everything makes so much sense now . Wow thankyou so . 👍 ♥
This was an excellent program. Thank you Ben and professor Hudson for educating the masses 👍💕
Both of you are terrific! Thank you for your contributions to public education.
WOW!!! This is the best masterclass I’ve ever attended (virtually or present) in my life.
thanks ben for bringing michael around. i got a clear image of the stranglehold of debt.
Thank you very much Ben for having this project with Professor Michael Hudson! It's always very enlightening!
It's always a treat to hear the insights of Professor Micheal Hudson. Many thanks to both of you!
My brother dedicated much of his life to studying this topic and died young. I tuned into this video really just to skewer it because I haven't encountered anyone who seriously addresses this central topic... I'm amazed to hear the hard hitting insight in just the first 10 minutes.
He's not being overly incisive, but he is laying out the framework for an overall work that describes our modern pain.
Essentially I can summarize all this as, in the modern era, the bankers bribed and corrupted every sovereign obligated to defend us, when that didn't work they removed them, and ultimately cleaned house by removing all of the serious ones. Now the bankers are unchallenged and are implementing the permanent enslavement of all mankind.
In addition, printing money is enslavement because it entitles someone who hasn't earned anything to the labor of others.
So we will see this go to its end, the only previous pressure release was revolt and urban abandonment. The surveillance state and mass immigration "solves" these two fixes. So the problem grows bigger. We'll see how it all ends.
Satoshi engineered sound money (Bitcoin) to prevent debt slavery. Sound money precludes worker debasement as it gains purchasing power.
@@_-Wade-_Can we blockchain our elections and get better public servants?
If we can bank online why can't we nominate and vote online?
Workers of the World
UNITE ONLINE
Good Luck to Us All
Peace
@@kdcema57 Why not just show ID? Sound money takes care of the rest.
Michael Hudson is in a class all by himself. Ben, you're fantastic since you read the book and ask excellent questions.
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 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.
Very pleasing to hear Hudson talk uninterrupted
Actually sends shivers up my spine on learning how everything is controlled and by who. It's been a long time of wars and all to own everything
I really appreciate Professor Hudson. I learned so much from his lectures. Thanks professor Hudson.
Thank you Ben for your interview with the Godfather of holistic thinking.
I absolutely cherish Michael Hudson. I can listen to him endlessly. His findings make this world make absolute sense. Thank you.
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.
Thank you Michael Hudson. You opened my eyes and I am very grateful. You are a true blessing.
Wow. If only I'd had Prof. Hudson instead of high school. Huge exciting history lessons beautifully told! Buy these books!
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. 👏✊❤🙏
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.
Thank you for more Prof Hudson!
you need to reply Kamilla as a moderator
Thank you both for illustrating the value of studying Ourstory .
This was absolutely fascinating. I could listen to Professor Hudson for hours on end. Thank you so much to both Professor Hudson and Ben.
I could listen to Michael Hudson all day!! What a true scholar. One who educates.
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.
Mr. Hudson is, hands down, the greatest Political Economist of our age.
Michael Hudson is fascinating, as always, he makes economics interesting by presenting it in a narrative way.
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)
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.
Wish i could have had Hudson as a professor. But thankful for his time and thoughts
Such important and useful information! Thanks Ben and Michael. This understanding of what is meant by "democracy" really helps.
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 🙏
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
Thanks!
An absolute education right here!!
I'm not particularly religious (maybe not at all) and I avoid mentioning of God,
but i will make exception here:
God bless prof Michael Hudson for enlightening everyone who listens to him and reads his books and is in a search for knowledge and understanding of our human society and forces behind it. I wish him many more decades of fruitful life. I hope he will get one day far in the future a place in a history that he deserves.
Excellent, we need more of this. Ordered the book, immediately. I intend to get more from this Author!
Excellent as usual, Ben. And thank you, Michael. Brilliant. And profoundly important.
I've never learned this much in an hour and a half before. Thanks so much.
Great show. Thanks Ben and Michael for your hard work.
hudson and norton. great!
Thanks for this discussion, I have ordered both 'The Collapse of Antiquity' and '...and forgive them their debts'.
Professor Hudson is the fog rolling off the hills revealing the true state of things
He's blowing the fog away with fresh air of truth..
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!
what a marvel this man is
Wow, just eye-opening - thank you, Ben & Michael!
Saved. Must watch. This framing is never given but it's like capital T truth. Thanks for this video!
Thanks Ben and Michael I have learned so much from you gentlemen
My thinking has changed so much through discovering you
egad Ben, Hudson has reached a new plateau of brilliance here.
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.
Always so excited to see him on! Need to rewatch and take notes! Thank you, Ben! ♥️
A wonderful presenation. Great work both.👏👏🥇🥇🖐️
Listen to Michael, you understand! Keep it uk Sir!🙏
Professir Hudson and Ben with the entire GER team, thank you with all my heart for this podcast
Professor Hudson, please publish the third book, The Tyranny of Debt. Looking forward to reading it!
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.
Thanks for just turning Michael loose, Ben! Extremely interesting
Love your work. Thank you Ben and Prof. Hudson.
Michael Hudson and Richard Wolff are the best
This was a great interview, I'll make sure to order the book
The quintessential video to watch on the internet today.
A compelling argument for Monarchy and against usury - very based, Dr. Hudson!
This is the most important thing I’ve ever watched.
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
Enjoyed this interview a lot, thank you.
Thank you Michael for enlightening me on the financial greed that enslaves humanity.
OMG this is eye opening. I am European and Christian and even learned latin. But I never connected the dots.
Wow, what a great discussion 👏🏼
Thank you so much gentlemen.
41:19 The same things British did in India the Zamindar system where farmers were tenants on their land.
Thank you for this. I hope many people will watch this because debt is at the core of all that's going on.
Absolutely
Probably one of the most importantly needed books to end these cycles of trauma spanning millennia to present day.
Comment for the algorithm. Love the work, Ben, et al ❤
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!
Thankyou Ben .
Michael Hudson, what you say is so so full and illuminating.
Thank-you.
As a therapist with focus on trauma at conception, in utero, at birth and until little humans begin to 'think' and speak...looking at how 'in debted' , insecure and dependent humans remain underneath as a result...
I find this utterly telling.
Women are by no means perfect in all of this, nor forceful matriachy (which preceded patriachy as I understand 'his'tory) necessarily kinder than patriachy...
but that the wives of the Roman emperors wanted to retain the release of debt was perhaps a sign that as mothers, they retained sense of the fundamental needs of humans for security, relative to infancy and childhood and the context of security of populations which had hope and some semblance if it where debts were released.
Profit always equals loss.
The consequences of pain of humanity, cruelty and denial of this and that of other animals and destruction of nature...whole ecosystems are consequences of this also.
The twisting and manipulations of powerful humans who are insecure at their ancestral and personal roots...see no peace or joy in simple security of simple life...are tragically mmolesting and monetising even the air we breathe.
Your study Michael is so so important.
Thanks again.
super loaded with aspects of history that make your critical thinking ...more critical. when he begins talking about land for debt, I remembered reading about Plato, he was vegetarian, and maybe aristoteles too. and the reason for their vegetarianism was that if you own animals, then you must owe land to raise them, and this inebitably turns into wars for land
Enjoyed this story, my great grandfather moved to SD in 1900, my grandmother born 1899. I recognized the officers names as many locations around SD carry them.
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
Super conversation! Hope the new book receives the reader Reception it deserves. Tnx to both of you!
That was one of the most interesting interview I’ve heard in a while.
God bless you, Mr. Hudson
I think we all need to bring back the ancient practice of Secessio plebis
Agree 👍
This was so fascinating. Thanks for all this
Thank you for this fantastic program.🙏🙏