Debt, Empires, and Oligarchs Dr. Michael Hudson ( Part 1, 2)

Listen to Part 2 here: Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, 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 theres 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. In the meantime, check out Dr. Hudsons books: 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: