Glossary
The condition produced when unpayable debt turns the debtor or the debtor's children into unpaid labor for the creditor.
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Topic brief
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Debt slavery
The condition produced when unpayable debt turns the debtor or the debtor's children into unpaid labor for the creditor.
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Key Notes
model
Jiang's recurring decline model says prosperous, peaceful, stable civilizations tend toward overpopulation, elite overproduction, and financialization or debt slavery; these factors work together to end civilizations.
model
Compound interest makes debt eventually unpayable and produces debt slavery, including the promise that one's children will work for the creditor for free.
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diagnosis
Debt slavery creates instability because people at the bottom want to run away or rebel.
Timestamped Evidence
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"Same process with the Mayans where over time, because of their breakthroughs in agriculture, they reach a peak in about the year 780, 80..."
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"Okay? That's a causation. I... But some other scholars argue it is correlation, and the reason why is that Mayans are really famous for..."
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"...happens, what happens now? Okay. Good. Yeah. So the idea is debt slavery. Okay? So if you can't pay me back, you become, you..."
Transcript
"...as the population increases, the number of people, who go into debt slavery, increase. And therefore, people at the bottom, are very angry. But..."
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"...this land was promised to us by God, and therefore, debt. Debt, slavery, landlessness, it's all evil in the eyes of God. And therefore,..."
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"...tongue -ping. Okay? And the third is the idea of financialization, debt slavery. Okay? And the idea here is that if you're a very..."
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Relevant Lectures And Readings
Reading
Disease, steel, horses, and divide-and-conquer matter.
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Reading
The Bronze Age Collapse is not treated as a freak disaster.
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