Online-talk with Professor Michael Hudson and Mathew D. Rose, November 1, 2022.
The world is now dividing into two parts: A high-cost US and NATO-centered world of finance capitalism that has become post-industrial and debt burdened, and a China- and Russia-centered Eurasian mixed economy in which basic infrastructure is provided as a public service at subsidized prices or freely, in which the monetary and financial system is a public utility aimed at providing credit for the “real” economy instead of loading down real estate and existing assets with debt.
Prof. Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others. He acts as an economic advisor to governments worldwide including China, Iceland and Latvia on finance and tax law.