The Collapse of Antiquity

The Collapse of Antiquity: Greece and Rome as Civilization's Oligarchic Turning Point

The Collapse of Antiquity, the sequel to Michael's "...and forgive them their debts, " is the second and latest book in his trilogy on the history of debt. It describes how the dynamics of interest-bearing debt led to the rise of rentier oligarchies in classical Greece and Rome, causing economic polarization, widespread austerity, revolts, wars and ultimately the collapse of Rome into serfdom and feudalism...