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In The Collapse of Antiquity: Greece and Rome as Civilization's Oligarchic Turning Point, political economist Michael Hudson argues that classical Greece and Rome broke away from the debt-forgiveness traditions of the Ancient Near East.
This shift allowed creditor oligarchies to concentrate wealth, destroy internal markets, and collapse the Roman world into serfdom and feudalism.
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Introduction & Foundations
• The Near Eastern Precedent: Explains how
Bronze Age and Near East societies used periodic "Clean Slate" royal debt cancellations as a safety valve to prevent bondage andIntroduction & Foundations
• The Near Eastern Precedent: Explains how
Bronze Age and Near East societies used periodic "Clean Slate" royal debt cancellations as a safety valve to prevent bondage and maintain economic stability.
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• Transmission of Debt: Traces how interest-bearing debt moved to the Aegean and Mediterranean in the 8th century BC without the institutional safety valve of debt forgiveness.
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Part I: Greece
• Early Reformers and Tyrants: Discusses 7th- and 6th-century BC populist efforts to cancel agrarian debts and redistribute land.
• Sparta and Athens: Examines Sparta's early oligarchic preservation, Solon's ban on debt slavery in Athens (594 BC), and the transition from democracy to the Thirty Tyrants. &
• Classical Philosophy: Analyzes how Plato, Aristophanes, and Aristotle critiqued wealth-Classical Philosophy: Analyzes how Plato, Aristophanes, and Aristotle critiqued wealth-addiction (pleonexia) and money-lust in the 4th century BC. g Goodreads +1
• Late Spartan Reforms: Details 3rd-century
BC attempts by Agis, Cleomenes, and Nabis to cancel Sparta's debts. •
Part II: Rome
• From Republic to Oligarchy: Follows Rome's early trajectory, the Secession of the Plebs, the Twelve Tables, and persistent class warfare over debt. Pus dokumen.pub
• Imperial Expansion and Punic Wars: Shows how imperial conquests and the Punic Wars enriched a small financial class while grabbing land from citizens.
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• The Late Republic Crises: Details the social convulsions of the 1st century BC, including the Mithridatic Wars, Sulla, Catiline, and the moderate debt/land reforms attempted by Julius Caesar before his assassination. ®
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