Debt, Empires, and Oligarchs - Dr. Michael Hudson (Part 1/2)

Sama_El
Published on Jul 23, 2023
Listen to Part 2 here: https://youtu.be/pSBvXCwUQYQ

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, which will be released on Thursday. In the meantime, check out Dr. Hudson’s books: https://amzn.to/44F6J7n

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

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#economics #debt #civilization

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PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities.

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