3 ms·
There's some historical evidence to suggest that this is true for capital accumulation. Since the first agricultural settlements and civilisations, loans and de
by cultureswitch 3y ago
There's some historical evidence to suggest that this is true for capital accumulation. Since the first agricultural settlements and civilisations, loans and debt became a feature of human life. This caused cycles of concentration of capital followed by a breaking point and revolt against creditors or some other way to redistribute (in some ancient fertile crescent civilizations, every king would wipe away all debt by decree when accessing the throne).
More recently, peaceful times have also consistently lead to very unequal growth. And it's only great crises such as world wars which ultimately resulted in social stabilization and marked improvements in the conditions of the common person.
- anonporridge 3y agohttps://en.m.wikipedia.org/wiki/Jubilee_(biblical) https://en.m.wikipedia.org/wiki/Jubilee_(biblical)