What was the point of Michael Hudson when talking about the tablets archaeologists found from ancient Babylonia and Sumer? What does this have to do with the idea of the social relations of debt, then and now? *Relate the role of debt as it was managed in these ancient civilizations versus how it was managed during the Euro crisis and the effects on the Greek state particularly. How is social and economic crises brought on by the over-commodification of once-public or common resources? Give examples. *Relate this to what Polanyi thought about the origins of the rise of fascism in Europe during the 1920s and 1930s that lead to WWII and then to the documentary's coverage of the Golden Dawn in Greece during the Eurozone crisis.

Explain the role of "interventionism" as it relates to notions of 'the free market'. What does Polanyi mean when he talks about who really benefits from condemnations of 'interventionism', that is, what is the hypocritical nature of calls for economies to stop 'intervening' and the historical evidence of how the advanced economies of today actually developed? Name some of the ways in which England intervened heavily in order to cultivate the development of its own economy, and how it differs from the official narratives around government intervention in the economy? Why is a 'free market' an absurd concept in the first place?

Answer the questions in order and use Reading response essay to weeks 6 and 7, Documentary "Capitalism" part 6, "Karl Polanyi, the Human Factor" and Karl Polanyi'sThe Great Transformationchapters 11, 12, and 13. This needs to integrate the lecture and class discussions we've had on this material. You also are required to integrate past readings and material into this essay, e.g., Wallerstein, Enclosures, Beckert as references for your answer.