The Way We Were and What We Are Becoming
May 1st, 2009 § 1 Comment
Another excellent Guns and Butter interview with economist Michael Hudson. The interview is almost a month old but still well worth listening to. Hudson examines the death of Europe and how neoliberalism, with its favouring of property and finance over labour and industry, is driving society back to feudalism. As Gore Vidal has said, in the future, Europe will just be a big farm for China.
The Way We Were and What We Are Becoming (59:52): MP3
The Way We Were and What We Are Becoming with financial economist and historian, Dr. Michael Hudson. We begin with an analysis of the continuing bailout of insurance giant AIG and Monday’s stock market selloff; price and debt deflation; the two sectors of the economy; two definitions of ‘free markets’; the classical economists; revolution from the right and the former Soviet states; the threat of war; IMF/World Bank resurgence; the dollar versus the euro; analogies to Rome, neo-feudalism.
[...] The Way We Were and What We Are Becoming: An interview with Dr. Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 and 2003) and of The Myth of Aid (1971). Hudson examines the causes and consequences of the present financial crisis and talk among other things of its similarities with the destruction of post-Soviet economy. (59mn podcast) [...]