Tag Archives: sovereign debt

Imperialism, it is what rulerships do

I came across (via) this very silly statement: The very idea of empire was created in ancient Rome … That would be news to the Persians, the Chaldeans, the Assyrians, the Babylonians, the Hittites, the Egyptians, the House of Ur, the Gutians, the Akkadians, the … And that is just the Middle East. When revenue was […]

Corrupting risk on top of the surplus pyramid

In a real sense, human history starts with the creation of a social surplus, a surplus beyond simple subsistence. Such a surplus could be used for–indeed, was required to–build more complex societies. This included the literal building of the monumental architecture, the most striking creations from the existence of such surpluses. More food, more babies Merely increasing production does […]