Who Debt Works For - Dr. Michael Hudson (Part 1/2)

Dr. Michael Hudson is a professor of Economics at the University
of Missouri Kansas City, a 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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