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Documentary Of The Week: Michael Hudson's Update Of 'Super Imperialism'

Documentary Of The Week: Michael Hudson's Update Of 'Super Imperialism'
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Documentary Of The Week: Michael Hudson On Debt And Power

Written by John LounsburyMichael Hudson sees a future with serious economic dislocations because of excessive private debt that cannot be repaid. Throughout much of history before the 14th century excessive private debt was resolved with debt Jubilees wherein all private debts were cancelled. This happened on a recurring basis in many civilizations past. Debtors were saved from financial serfdom and yet lenders survived to lend again. ....

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03Jun2021 Market Close: Dow Snaps 5-day Win Streak As Investors Await May Jobs Report, DOW Closes Down Flat 23 Points, Nasdaq Down Sharply 1.1%, Dollar Spikes Most In 9 Months 90.47

Written by GaryTexas gas companies to pay steep bill to avoid another power crisis (SPY -0.4%). DOW ends session flat as economic comeback plays offset losses in tech. ....

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Documentary Of The Week: Polarisation, Then A Crash

Michael Hudson on the Rentier Economy
Michael Hudson argues that the increased financialization of capitalist economies is driving these societies toward collapse. Leading up to the collapse, Prof. Hudson says wealth and incomes become more and more polarised until the result becomes ultimately unsustainable. He says that the advancement of capitalism was supposed to be a movement away from feudalism. Instead we are now moving back toward feudalism.
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Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis. ....

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