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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Topic brief
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Instability
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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Key Notes
diagnosis
Debt slavery creates instability because people at the bottom want to run away or rebel.
diagnosis
Each solution to elite overproduction is itself unstable: land redistribution is revolution, civil war is war, and empire building is also war.
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model
A society near collapse is like a tower: the trigger can be riot, bad weather, earthquake, or fire, but the fundamental cause is prior instability from too many elites charging rent.
Timestamped Evidence
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"...who go into debt slavery. And this creates a lot of, instability in society. Because obviously, they either want to run away, or they,..."
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"Okay? Does it make sense? The other problem, is, elite overproduction. And the idea here, is, everyone wants to be, the renter. Right? Everyone..."
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"...matter how you do these things, you're always going to create instability. And, eventually, your empire, your society, will collapse. Does it make sense?..."
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"...charge rent. Right? And that creates pressure, on society. And this instability, means that your society, is no longer, sustainable. You're resilient. Resilient. And..."
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"It will not collapse, on its own. Something must hit it, for it, for it to collapse. But this one thing, could be anything...."
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"...their aircraft carrier in the Middle East, to create as much instability as possible so that the Americans and the British could control their..."
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"...their aircraft carrier in the Middle East to create as much instability as possible so that the Americans and the British could control their..."
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"this war and disruptions to global trade we should expect massive instability in nations that are not very resilient okay they have very little..."
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"...escape to Europe and of America, okay? Revolution, civil wars, political instability in America and in Europe because the big rumors refuse to retire..."
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"...and the government. Okay? It's to try to get as much instability as possible. Alright? Okay? And as you can see, the Americans and..."
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"But there are inherent instability in this system, okay? And we will discuss all this instability throughout the semester. But for the sake of..."
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"...Frankish and the British, they wanted to obtain power through chaos, instability, and regime change. And both were very focused on the pursuit of..."
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Relevant Lectures And Readings
Reading
The Bronze Age Collapse is not treated as a freak disaster.
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