I dont understand your question very well. If you are refering to the historical basis of debt bondage the article suggests that it is.<div><br></div><div>I would search for the reasons that interest rates were created. Interest rates are like a kind of clothe. We have to understand that it is a clothe and not be misguided by the fashion of the era.</div>
<div><br></div><div>If we removed interest rates from the economy, would we have stopped the unending cicle? This is as important today as ever before.</div><div><br><br><div class="gmail_quote">2011/12/6 Michel Bauwens <span dir="ltr"><<a href="mailto:michel@p2pfoundation.net">michel@p2pfoundation.net</a>></span><br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;"><div class="im"><font color="#111111" face="'Times New Roman'"><span style="font-size:14px;line-height:18px"><My only concern is that he might consider debt
as only the obligation to return money with interest in the future in
exchange for some product or service.</span></font>><br><br></div>that's the basis of debt peonage / bondage is it not?<div class="HOEnZb"><div class="h5"><br><br><div class="gmail_quote">On Tue, Dec 6, 2011 at 10:50 PM, Apostolis Xekoukoulotakis <span dir="ltr"><<a href="mailto:xekoukou@gmail.com" target="_blank">xekoukou@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0pt 0pt 0pt 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">+1<div><br></div><div>''<span style="color:rgb(17,17,17);font-family:'Times New Roman';font-size:14px;line-height:18px;background-color:rgb(255,255,255)">Debt has been the main dynamic driving these shifts � always with new twists and turns. It polarizes wealth to create a creditor class, whose oligarchic rule is ended as new leaders (�tyrants� to Aristotle) win popular support by cancelling the debts and redistributing property or taking its usufruct for the state.''</span></div>
<div><font color="#111111" face="'Times New Roman'"><span style="font-size:14px;line-height:18px"><br></span></font></div><div><font color="#111111" face="'Times New Roman'"><span style="font-size:14px;line-height:18px">My only concern is that he might consider debt as only the obligation to return money with interest in the future in exchange for some product or service.</span></font></div>
<div><font color="#111111" face="'Times New Roman'"><span style="font-size:14px;line-height:18px"><br></span></font></div><div><font color="#111111" face="'Times New Roman'"><span style="font-size:14px;line-height:18px"><br>
</span></font></div><div><br><div class="gmail_quote">2011/12/5 Michel Bauwens <span dir="ltr"><<a href="mailto:michel@p2pfoundation.net" target="_blank">michel@p2pfoundation.net</a>></span><br><blockquote class="gmail_quote" style="margin:0pt 0pt 0pt 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">
<div><div></div><div>
<a href="http://michael-hudson.com/2011/12/democracy-and-debt/" target="_blank">http://michael-hudson.com/2011/12/democracy-and-debt/</a><br><br>(i only disagree with his analysis of the feudal ages, serfs were NOT indebted, and it was not a continuation of the undefeated roman oligarchy)<span><font color="#888888"><br>
<br>Michel<br clear="all"><br>-- <br>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a>� - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br>
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<br></blockquote></div><font color="#888888"><br><br clear="all"><div><br></div>-- <br><span style="font-family:arial,sans-serif;font-size:13px;border-collapse:collapse"><pre style="white-space:pre-wrap"><br></pre>
<pre style="white-space:pre-wrap">Sincerely yours, </pre><pre style="white-space:pre-wrap"> Apostolis Xekoukoulotakis</pre></span><br>
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<br></blockquote></div><br><br clear="all"><div><br></div>-- <br><span style="font-family:arial, sans-serif;font-size:13px;border-collapse:collapse"><pre style="white-space:pre-wrap"><br></pre><pre style="white-space:pre-wrap">
Sincerely yours, </pre><pre style="white-space:pre-wrap"> Apostolis Xekoukoulotakis</pre></span><br>
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