Debt, Empires, and Oligarchs - Dr. Michael Hudson (Part 1/2) Post Industrial Rape of Economy

Debt, Empires, and Oligarchs - Dr. Michael Hudson (Part 1/2) Post Industrial Rape of Economy
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40,030 views Jul 9, 2023 DemystifySci Podcast
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00:00:00 Go!
00:00:16 Who is Michael Hudson
00:16:39 Patreon Ask
00:16:47 Who does the economy work for? 00:22:15 Redlining and the Aspiring Rentier Class
00:26:25 Fantasy of the 1% 00:33:00 Real estate always rises
00:37:40 How governments and CIA betray the people
00:43:55 Rhetoric vs reality in the demagogue 00:45:45 Antiquity, Oligarchs, and Debt 01:01:12 Debt cancellation
01:10:29 Debt free life
01:14:31 Financial capital's destructive force 01:19:32 What oligarchs do
01:23:36 Depopulation agendas

Read the transcript here: https://demystifysci.com/blog/2023/7/...
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Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing debts of a society outstrip the profits from the real economy. We talk about GDP is a false marker of prosperity, the growing influence of the rentier class, fantasies of joining the one percent, and why there’s never going to be another debt jubilee, even if it means the whole system has to fall apart. We continue the conversation about possible solutions in part 2.
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In the meantime, check out Dr. Hudson’s books: https://amzn.to/44F6J7n
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