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Property and Debt in Ancient Rome

From Observatory

Traditional societies often safeguarded land from being alienated outside of family or clan ownership. However, Roman law, defining propertyʼs essence as its ability to be sold or forfeited, removed these restrictions, leading to land concentration. Roman land tenure relied increasingly on conquered territory, declared public land or ager publicus populi. Although intended for war veterans, aggressive families seized it for themselves.

A struggle ensued between patricians and the poor over public land distribution. In 486 BC, Spurius Cassius proposed Romeʼs first agrarian law to distribute conquered land to the needy and Latins, but was accused of threatening patriciansʼ interests and killed. The fight persisted, with tribunes like Gnaeus Genucius seeking redistribution, yet Senate decrees were temporary and easily revoked.

The creation of latifundia, large estates, intensified with the defeat of Carthage. Wealthy families exploited contributions to Romeʼs war effort to claim public land, which became slave-operated farms. Attempts at land reform, such as Tiberius Gracchus's proposals, were met with resistance and violence from the elite.

Civil war erupted over land and debt crises. Dispossession of free labor led to the transformation of Rome's army, with landless soldiers becoming mercenaries loyal to generals. Sulla and Caesar exploited soldiersʼ desire for land to secure power, while land concentration continued under the Empire.

The Church, becoming a major landowner, accepted existing power structures and wealth distribution, focusing on personal charity rather than systemic change. Testamentary disposition further concentrated wealth in the Church's hands, exacerbating poverty among the populace.

Overall, Romeʼs history illustrates the entanglement of power, wealth, and landownership, shaping societal structures and perpetuating inequality.

Read full article "Property and Debt in Ancient Rome" by Michael Hudson.

🔭   This summary was human-edited with AI-assist.

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