Michael Hudson: The economics of neofeudalism


UPDATED: The third part of what had been three videos has been pulled from the web, so only the first and second parts remain. Odd.

Michael Hudson — esnl‘s favorite economist — talks with Max Keiser about the economic policies of the emerging neofeudalism, driving most of us back to the role of serfs to an aristocratic elite of inherited and new money. Productivity is up, but labor rates stagnate, with employees forced to work longer hours and at a faster pace for no increase in pay while managers and owners capture ever larger shares of the national wealth.

Hudson notes that in the new global financial order, international looters, backed by the IMF, play the role armies did in the past, invading nations and seizing their assets. And when the military does go to war, it’s other nations who foot the bill through their purchases of our debt

Part One

Part Two

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s