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View Diary: NYT: It's Krugman Vs. Reinhart & Rogoff, Who Trivialize Their Incompetence And Attack “Left” (246 comments)

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  •  Unfettered ancient capitalism (2+ / 0-)
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    YucatanMan, PrahaPartizan

    was in fact the predecessor and origin of feudalism.  Feudalism at least created certain stipulated rights for serfs, unlike the slaves who preceded them.  It also made the forms of debt exploitation that had often led to slavery absolutely illegal on pain of death.

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