about Bankruptcy's history, and Indentured Servitude

http://www.whiskeyandgunpowder.com/Archives/20060726.html, bank-ruptcy not from rupture with the bank, but from breaking of the bank/bench, more a trader's desk, in ancient Rome. When incapable of paying his debts, a trader saw his desk physically broken or taken away, his business terminated, his properties auctioned off ... as well as himself and his dependant family.

"In pre-Revolutionary America, indentured servitude became an established legal remedy. There was a well-defined system of chasing down, apprehending and returning indentured servants who had "escaped" from their situation, which formed the model for later fugitive slave laws. One of the most famous indentured servants in American history was a young man named Benjamin Franklin, whose later views on avoiding and staying out of debt were very much formed and informed by his early indentured experiences."

"They who would give up an essential liberty for temporary security, deserve neither liberty or security."

Fast forward, Indebted Servitude disappeared from the U.S. with the advent of the machine, which allowed the industrial North to vanquish the manual-labour-intensive South, and partially replace man with machine. And the machine option resulted from the industrial revolution, based on non-renewable hydrocarbon fuels.


In consideration of the 20th c. story of central banking, debt in the 3rd world, of the recent evolution of bankruptcy law in the indebted U.S., of eminent domain, and of security dispositions, is slavery due back with the decline of the oil/machine age?