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Europeans still hope that Ukraine can win the current shocking war. Many also continue to hope that democracy will be a major reason why the Ukrainians will be victorious. I believe that Ancient History can help us to decide whether such hopes are reasonable or unrealistic. ....
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Yves here. Michael Hudson kindly provided us with an advanced draft of this chapter from his upcoming book, since readers seemed particularly interested in the views of the Greeks on money, commerce, and power. Get a cup of coffee. This post is meaty if you plan to consume it in one sitting. Delphi’s warning that lust for monetary silver ( philarguria) was the only thing that could destroy Sparta was echoed by Plato, Socrates and other philosophers accusing wealth addiction of leading to greedy and hubristic behavior that impoverished society at large. Creditors were singled out for reducing debtors to bondage and taking their land. ....