by I can listen to Michael Hudson for hours, and here he presents some complex issues in a very clear, interesting, and entertaining way that holds your attention. Michael Hudson says that America's economy is more centrally planned than China's, but unlike China, the central planning is terrible. Their plan is to deindustrialise and then financialise the economy. Their aim is rent extraction, that is, to obtain a free lunch. The American elite have corrupted the Washington, but in China the government is still works for the benefit of everyone and the country as a whole. Part 1[embedded content]https://youtu.be/4THv2qQjLhcPart 2[embedded content]https://youtu.be/QAmZXtJfkQU
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I can listen to Michael Hudson for hours, and here he presents some complex issues in a very clear, interesting, and entertaining way that holds your attention.
Michael Hudson says that America's economy is more centrally planned than China's, but unlike China, the central planning is terrible. Their plan is to deindustrialise and then financialise the economy. Their aim is rent extraction, that is, to obtain a free lunch.
The American elite have corrupted the Washington, but in China the government is still works for the benefit of everyone and the country as a whole.
Part 1
Part 2