Bankruptcy protects fake people, brutalizes real ones
Debts that can’t be paid, won’t be paid.
10 min readOct 9, 2022
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“Debts that can’t be paid, won’t be paid.” There, in eight simple words, we have Michael Hudson’s key insight into the role debt and debt cancellation plays in the rise and fall of human civilizations.
Debts are inescapable.