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Polarization, Then A Crash: Michael Hudson On The Rentier Economy

Lynn Fries: I’m delighted to have Michael Hudson join us today. He’ll be discussing how under a neoliberal shift from industrial to finance capitalism, today’s most pressing economic conflict is not simply between labor and employers. It’s a conflict in which rentier interests have the upper hand over labor, industry and government together. This is the political economy in which the COVID-19 economic shock is playing out with dire consequences. Michael Hudson is a research professor of economics at the University of Missouri – Kansas City and a research associate at the Levy Economics Institute of Bard College. Michael Hudson’s latest book is “And Forgive Them Their Debts.”


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