Buying some perfume online.
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I think this is a great idea but I'm a little worried that if we started talking about it somehow Sam Altman would pop up out of nowhere and it'd only end up applying to big companies who have made a debt mess on purpose knowing full well what they were doing.
And the person who was just trying to buy a box of cereal will still need to make all four installment payments or get buried in more debt.
How is "too big to fail" not just Year of Jubilee." for the rich?
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@jmax @futurebird Sam Altman popping out of no where is unadulterated nightmare fuel
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@bituur_esztreym @futurebird @jmax
“Temples Of Enterprise” By Michael Hudson
Hudson’s treatment is a much more purely historical account of the evolution of debt, finance and oligarchy. Oligarchy has been responsible for the collapse of multiple civilizations.
@GhostOnTheHalfShell @bituur_esztreym @futurebird @jmax Here's a bit on Debt Jubilees, quoting Hudson's book. They go back a long way.
https://www.hoyes.com/blog/is-a-debt-jubilee-the-solution-to-our-collective-debt-problem/#Historical_Precedent