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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;

https://www.nakedcapitalism.com/2019/04/the-delphic-oracle-was-their-davos-a-four-part-interview-with-michael-hudson-about-his-forthcoming-book-the-collapse-of-antiquity-part-1.html

https://www.nakedcapitalism.com/2023/04/michael-hudson-debt-and-the-collapse-of-antiquity-part-2.html

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

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John Brodix Merryman Jr.
John Brodix Merryman Jr.

Written by John Brodix Merryman Jr.

Having an affair with life. It's complicated.

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