are you familiar with aqal integral methodology?<br><br>interesting to see things from different perspectives at the same time,<br><br>michel<br><br><div class="gmail_quote">On Wed, Dec 7, 2011 at 6:09 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;">Maybe when i finish my work I will convince you (and myself) that those factors are one and the same. :)<div>
<div></div><div class="h5"><br><br><div class="gmail_quote">2011/12/7 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;">hi apostolis,<br><br>my understanding is that compound interest is a primary cause (one of the) of infinite growth, but not the only one. Merely tacking monetary design would not change the other factors leading to infinite capital accumulation. Nevertheless, it's an important part of any mix of measures to contain the infinite growth dynamic, and in this context, a renewed drive for debt bondage, leading to the destruction of the welfare state model.<span><font color="#888888"><br>
<br>Michel</font></span><div><div><br><br><div class="gmail_quote">On Wed, Dec 7, 2011 at 10:11 AM, 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;">
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" 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><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><div><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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