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.