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- Jan 2023
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docdrop.org docdrop.org
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to get rid of monopoly rent you have to return basic key uh infrastructure to the public domain where it was before 1980 so that uh basic needs can be supplied at low prices not uh creating monopoly for uh the one percent uh and i guess i'm saying you have to realize that finance has used as well 00:25:12 to take over the economy and this has to be reversed uh because uh once you have uh wealth taking the form of uh claims uh loans and claims on other people's debt we'll count you up compound interest any rate of interest is a doubling time and compound interest is always going to grow faster than the economy's real growth and the only way to prevent this isn't 00:25:37 simply to lower the interest rate which you've done today 0.1 uh the only solution is to wipe out the overall debts that are stopping economic growth and these debts are the savings of the one percent the good thing about cancelling debts is you cancel the savings of the one percent and as long as you leave these savings in place there's not going to be a solution
!- Michael Hudson : reverse privatization and wipe out debt - returning the public infrastructure sold off to companies after 1980 back to the public to get rid of monopolies who gouge the public - cancel all debt so that the savings of the 1% cannot continue compound growth trajectory
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