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West Indies Cricket
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2018

Crucial This! Can You Guys Read and Discusss This Content?

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21 Nov 2018 10:42 - 21 Nov 2018 10:47 #366876 by mapoui
www.unz.com/article/everything-you-thoug...vilization-is-wrong/

“Mesopotamian societies were not interested in equality,” he told me, “but they were civilized. And they possessed the financial sophistication to understand that, since interest on loans increases exponentially, while economic growth at best follows an S-curve. This means that debtors will, if not protected by a central authority, end up becoming permanent bondservants to their creditors. So Mesopotamian kings regularly rescued debtors who were getting crushed by their debts. They knew that they needed to do this. Again and again, century after century, they proclaimed Clean Slate Amnesties.”

Hudson also writes: “By liberating distressed individuals who had fallen into debt bondage, and returning to cultivators the lands they had forfeited for debt or sold under economic duress, these royal acts maintained a free peasantry willing to fight for its land and work on public building projects and canals…. By clearing away the buildup of personal debts, rulers saved society from the social chaos that would have resulted from personal insolvency, debt bondage, and military defection” (p. 3).

Last edit: 21 Nov 2018 10:47 by mapoui.

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21 Nov 2018 10:49 - 21 Nov 2018 10:50 #366878 by ketchim
Bollywood superstar Amitabh Bachchan says he has cleared farmers' loans

worth more than 40m rupees ~

He wrote on his blog on Tuesday that he had :

"taken care" of 1,398 farmers by paying off their debt, adding that he felt a "sense of accomplishment".

All of the farmers are from the northern state of Uttar Pradesh, where Bachchan was born.

Tens of thousands of Indian farmers struggle with debt.
Last edit: 21 Nov 2018 10:50 by ketchim.

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21 Nov 2018 10:53 - 21 Nov 2018 10:55 #366879 by ketchim

mapoui wrote: Mesopotamian kings regularly rescued debtors who were getting crushed by their debts

Amitabh is a Mesopotamian KING or just a Bollywood Actor ?

He cleared loans that were owed to the government-owned Bank of India !!
Last edit: 21 Nov 2018 10:55 by ketchim.

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21 Nov 2018 11:12 #366881 by mapoui
he clean the slate eh....
but dat is not enuff. it will jess happen again if you leave the money men free to do their thing

the farmers have to raised up to ensure that the know what to do to prevent going into debt..ever

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21 Nov 2018 11:16 #366882 by ketchim
Sure BUT Sharrukh Khan gonna step in and clear another 2,000 farmers !

and so it guh !

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