Interview with Dr. Michael Hudson
"The Way We Were and What We Are Becoming" interview with financial economist and historian, Dr. Michael Hudson.(March 4, 2009)
Worth a listen – passing it along.
Thanks Linda great interview
i LOVE michael hudson i have bee reading him for over a year.
he is the financial adviser to dennis kucinich.
if you listen to him you will get a head start on being a serf which means you will be ahead of the other serfs.
Long interview and entirely worth it! I am not familiar with Dr. Hudson, I gather from the interview that he is coming from a classical Marxist perspective. I am not sure I would agree with his solutions but I do agree with his analysis and prognosis for the future, at least as much as I heard in this interview. Very, very insightful!
To digress from this thread a bit and not to distract at all from what I think is an interview everyone should listen to – I do want to add one minor point – he mentioned Rick Santelli’s rant a few weeks ago and implied that Santelli was blaming the homeowners, at least partially, for the "crisis." I think that is where a lot of folks misunderstand. Santelli, and those who share his sentiment, weren’t blaming homeowners – the rant was and is that taxpayer money (yours and mine) is being used, or should I say wasted, to bail out the follies of others. As I posted on this site back when Santelli was all the rage, the mortgage bailout plan was essentially a bank bailout plan.
Thanks for sharing this Linda K.
Thanks Linda K – it was worth a listen.
Excellent interview. I’ll pass it along. Thanks Linda.