How much more evidence do people need to see liberalism is a massive scam?

A critique of economic liberalism, from Greco-Roman euergetism to today's debt and inflation. A scam designed to impoverish?

English · Original discussion in Spanish · Published

The current liberal economic model is called into question, compared with Greco-Roman euergetism, arguing that it has led to a spiral of debt and inflation that impoverishes the population.

The liberal economic model, the one so often presented to us as the engine of pogre, has been the subject of debate and criticism for centuries. But what lies behind the figures and the theories? If we go back to **Ancient Greece** and to **Rome** under emperors like **Augustus** and **Hadrian**, there was a social practice known as **euergetism**. Great private fortunes, encouraged by the government, made generous donations to the cities. The aim was noble: beautifying the surroundings, building necessary infrastructure, financing armies for defence, organising the **Olympic Games** or erecting theatres. Soup kitchens were even set up to guarantee a meal for the most disadvantaged. It was a culture that sought to create a **welfare society**, where the richest shared their wealth, took pride in doing so and received social recognition for their contribution.

## The turn towards hoarding

This ideal of shared wellbeing, however, seems to have been eclipsed by a diametrically opposite mindset. The criticism points to a radical shift from the 18th and 19th centuries onwards, with the fall of the old tyrannies and the emergence of a new order based on what has been called "bourgeois liberalism". According to this view, this period was marked by a series of "robberies" across **Europe**. Big banking and multinationals are said to have begun hoarding fortunes, marking the end of the Greco-Roman mindset of sharing. In its place emerged an economic culture described as "hoarding, greedy and thieving". European patriots, fed up with this plunder and with seeing citizens fall back into poverty and precarity, reacted by seeking greater state control over the means of production and strategic sectors.

## Debt and inflation as tools

The critical narrative suggests that the World Wars were orchestrated to raze Europe and its patriotic regimes to the ground, paving the way for the global imposition of liberalism. Since then, it is argued, the world economy is based on what is called "Jewish economics", a system where **debt** and **inflation** take centre stage. The goal, according to this perspective, would be the constant depreciation of savings to keep the population in a state of perpetual poverty and ensure dependence on debt for any need. Laws, it is claimed, would be designed to prioritise debt repayment, even above basic needs such as food, housing or healthcare.

## The power of speculation and the loss of purchasing power

This liberal model would also allow **speculation**, understood as the concentration of assets in few hands to set exorbitant prices and squeeze the population. It points out how the prices of basic consumer goods have multiplied exponentially in recent decades, causing a massive loss of purchasing power. While prices match those of prosperous countries, wages remain far lower, creating an unbridgeable gap. The criticism sharpens when it notes that, faced with this situation, citizens themselves are blamed for their precarity, branded as lazy, when in reality they are subjected to exhausting working conditions. The question left hanging is whether this system, presented as a centuries-old scam, will finally be called into question.

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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (6 replies).

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