Jiang treats Spain's clergy and nobility as parasitic elites who absorbed wealth while making no productive contribution.
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Elite extraction
A transcript-matched topic anchored by excerpts such as "government the imf who are they borrowing from oh um yeah so they're they're borrowing from the future right they're boring from the nation..."
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Key Notes
Jiang says China's debts are effectively borrowed from the nation's future so present elites can move money out and preserve the current order.
Timestamped Evidence
"government the imf who are they borrowing from oh um yeah so they're they're borrowing from the future right they're boring from the nation..."
"And all this money just made the system even worse. So let me explain. is that there's a rigid hierarchy of status. The nobles..."
Relevant Lectures And Readings
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The Dutch Golden Age begins with a poisoned Spanish windfall and ends with Vermeer exposing cracks in the respectable household.
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