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dennyc
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Sparta - Gold prohibition in a collapsing economy

- Paul Tustain - Galmarley.com

There was another factor influencing Sparta's decline - Concentration of wealth. Sparta's citizens had practiced a very effective form of citizen participation in state affairs for hundreds of years until the early version of the Goldman and Morgan players began to exert influence. What had once been a society where all citizens had a voice slowly grew into a society where fewer and fewer families possessed the majority of the wealth and the people lost their participatory voice and as a consequence, the reason to remain a productive member of their society. Citizen flight? You bet. Mr. Tustain nails it when he says citizens fled. Who would wish to remain in a nation where they could not contribute to decisions affecting the nation's course? There were numerous factors which contributed to Sparta's decline, but it was the concentration of wealth which hammered the last nails into their society's coffin. Sound familiar?

Commented 4560 days ago

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Beginning of the headline :This coinage was famous enough to have a classical joke made about it much later by Plutarch (in about AD 100). Assuming that its representative value ought to be its true value Plutarch believed it would require a horse and cart to transfer an amount appropriate for even the most modest transaction. The joke lasted longer than the money, perhaps because it paints an absurd picture, but only a fool would imagine the Spartans conducting their grocery transactions with armfuls of iron currency, for 300 years... Read More

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