Dec 3, 2024
The problem is feedback loops without circuit breakers. Wealth and power leveraging more wealth and power.
The Ancients devised debt jubilees 3000 years ago, as a circuit breaker to the feedback loop of compound interest.
Michael Hudson has written an interesting series of books on it;
One of the many points made, was Jesus' original comment was, Forgive them their debts. It was co-opted by Rome to be, Forgive them their sins.
The Roman Empire collapsed due to the wealthy strangling the rest of society.
https://medium.com/counterarts/why-the-feedback-loops-need-circuit-breakers-531d1ab0fe0f