Glossary
Debt cancellation that legitimizes a new king by resolving the conflict between people and nobility.
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Topic brief
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jubilee
Debt cancellation that legitimizes a new king by resolving the conflict between people and nobility.
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Key Notes
model
Debt is the mechanism by which oligarchy corrupts itself: nobles turn renters into debtors and then slaves, creating the crisis a king can exploit.
Timestamped Evidence
Transcript
"...he cleared away their debts this this is what we call jubilee by the way the word is jubilee and this happens a lot..."
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Transcript
"Okay? so these are the three major forces or factions in a society and these three factions are always in conflict and what happens..."
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"a loan and over time this loan becomes a debt and at a certain point you can't pay off the debt so what happens..."
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Relevant Lectures And Readings
Reading
History is not a cycle, and it is not a line moving politely toward truth.
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