Solon the son of Execestides, a native of Salamis, was the first person who introduced among the Athenians, an ordinance for the lowering of debts; for this was the name given to the release of the bodies and possessions of the debtors. For men used to borrow on the security of their own persons, and many became slaves in consequence of their inability to pay; and as seven talents were owed to him as a part of his paternal inheritance when he succeeded to it, he was the first person who made a composition with his debtors..." "...heused to say... that laws were like cobwebs—for that if any trifling or powerless thing fell into them, they held it fast; but if a thing of any size fell into them, it broke the meshes and escaped... When he was asked how men could be most effectually deterred from committing injustice, he said, 'If those who are not injured feel as much indignation as those who are.' — Diogenes Laertius, *Lives*, Book I, Solon I & X (trans. C. D. Yonge, 1853) **Surface Gloss:** Solon abolishes debt-slavery by forgiving his own seven-talent inheritance first (*Seisachtheia*), warns that written laws are cobwebs that catch the weak while the powerful tear through them, and grounds justice in third-party civic indignation. **Three-Part Institutional Reform:** 1. **De-collateralize the core:** Never allow a system's participants to pledge their basic agency/survival as collateral for short-term liquidity. 2. **Burn your own chits first:** A reformer must visibly forfeit their own legacy advantage before rewriting the rules for others. 3. **The Cobweb Audit:** Never write a compliance rule without asking: *Will this actually stop a heavyweight actor, or will it only entangle small players while the whales tear through the mesh?*
— In our words · Source: Lives of Eminent Philosophers (Diogenes Laertius)