<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>that's the basis of debt peonage / bondage is it not?<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">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 class="h5">
<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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