The clawback of everything ‘public’ exploded from the 1970s. You can see how they got away with it. Debt kept…

The clawback of everything ‘public’ exploded from the 1970s. You can see how they got away with it. Debt kept everything running, while public mechanisms were pulled apart. Debt is what allows the illusion that societies are economies. Once the debt bubbles burst? /1 https://t.co/ez0Oad8y7X

That’s when you see how broken the social fabric is. Like right now. Debt (particularly personal debt) hides that, it gives the illusion that ordinary people are part of society, what by then is called ‘the economy’. As soon as that debt dries up, they’re living in cars. /2

Societies are ALWAYS social. They’re never economies. The economy is a trick to favour a tiny subset of society, by creating a fictitious mathematical construct that rationalises the status quo. Only debt ever makes that seem real. Without it the majority of the population…/3

…is suddenly revealed to have no stake in society at all. There’s a reason old religious traditions were so scathing about debt. We’ve forgotten why. Moneylenders and plagues, deep evils in multiple religious traditions. They knew what destroyed societies. /end