[unable to retrieve full-text content]Michael Hudson discusses the evolving disconnect between modern economics and practical economic realities, using the example of American capitalism and its global influence. He critiques the shift towards finance capitalism and deregulation, comparing it to Thatcher-era England’s libertarian model, which minimized state intervention in the economy. This trajectory, according to Hudson, has led to a situation where government influence is overridden by corporate donors and financial interests, sidelining public welfare. Hudson explains his approach to economics, likening it to taking apart and reassembling an engine; it’s not just surface-level phenomena but understanding fundamental structures like balance of payments and GDP. He emphasizes how
Topics:
Michael Hudson considers the following as important: Interviews, Marx
This could be interesting, too:
Michael Hudson writes The Irony of Calling the Opponents of Nazism Nazis
Michael Hudson writes The U.S. Strategy of Controlled Anarchy: Syria, Ukraine, and Beyond
Robert Skidelsky writes Trump som diplomat og kampen om den retfærdige fred – Flemming Rose Article
Michael Hudson writes A Civilizational Split
Michael Hudson discusses the evolving disconnect between modern economics and practical economic realities, using the example of American capitalism and its global influence. He critiques the shift towards finance capitalism and deregulation, comparing it to Thatcher-era England’s libertarian model, which minimized state intervention in the economy. This trajectory, according to Hudson, has led to a situation where government influence is overridden by corporate donors and financial interests, sidelining public welfare.
Hudson explains his approach to economics, likening it to taking apart and reassembling an engine; it’s not just surface-level phenomena but understanding fundamental structures like balance of payments and GDP. He emphasizes how mainstream economics often ignores these practical frameworks, contributing to a distorted economic vision and misguided policy decisions.
The post Beyond Surface Economics: The Case for Structural Reform first appeared on Michael Hudson.