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Odin2005

(53,521 posts)

10. the creation of debt was how economic inequality first emerged.

Reply to HiPointDem (Original post)

Wed Jun 27, 2012, 09:17 PM

Jun 2012

A guy who happened to have a good plot of farmland would "give" some of his crop to people who had a poor harvest with the expectation that this "gift" would be reciprocated at some point in the future. Then when the recipients were unable to pay back the "gift" they were forced into debt slavery. You find this in countless agricultural societies at the tribal level of social organization.

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Debt is manufactured by investors & they get paid 1st at the expense of the rest. Screw them. [View all] HiPointDem Jun 2012 OP

AFt outpouring of support...except from Washington DC and the race to the top crowd nt msongs Jun 2012 #1

Du rec. Nt xchrom Jun 2012 #2

That is why I no longer vote to issue government bonds when propositions of that JDPriestly Jun 2012 #3

except government spending is the only thing keeping 'the economy' from deflating HiPointDem Jun 2012 #4

kicking this in protest of the continuing presence of sunscreen on the first page HiPointDem Jun 2012 #5

The politicians forgot about the "repay in good times" part FarCenter Jun 2012 #11

Econ 100 sulphurdunn Jun 2012 #6

The leaders of some union aren't even elected by the general membership.. INdemo Jun 2012 #7

It is ironic sulphurdunn Jun 2012 #8

Kick. SO much to agree with here........... socialist_n_TN Jun 2012 #9

the creation of debt was how economic inequality first emerged. Odin2005 Jun 2012 #10